The Market Rewards the PatientLast week was probably one of the slowest weeks I’ve ever had. I found two setups, but neither one truly materialized. They just didn’t meet all the conditions in my plan. It was tough. I won’t pretend it wasn’t tempting to drop my rules and chase other strategies just so I could be in the market.
About Canadian Dollar / Japanese Yen
The Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.
Related currencies
CADJPY Is Very Bearish! Short!
Take a look at our analysis for CADJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 105.190.
Taking into consideration the structure & trend analysis, I believe that the market will reach
CADJPY SELL IDEAWe're currently in a downtrend with price forming a series of lower highs and lower lows. Currently, the price is retesting a broken minor support level on the H4 chart, and I'll be on the lookout for entries at the next H1 close. Final confirmation for a fall would be a H4 close below the support l
#CADJPY:Targeting 130.00 Almost 30,000 Pips Swing TradeThe long-term outlook for CADJPY remains extremely bullish in the coming week. My initial target is 115, followed by 120, and ultimately 130. This would result in a total of 30,000 pips of movement in the swing. Please use this analysis for educational purposes only.
Good luck and trade safely!
Li
CADJPY Trading Opportunity! SELL!
My dear friends,
CADJPY looks like it will make a good move, and here are the details:
The market is trading on 106.86 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the m
CADJPY: Bullish Move From Support Confirmed?! 🇨🇦🇯🇵
CADJPY may bounce from a key daily horizontal support cluster.
As a confirmation signal, I spotted a bullish imbalance candle
on a 4H time frame after its deep test.
I expect a pullback to 106.65
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer progra
Lingrid | CADJPY Potential Downside Move After BreakoutThe price perfectly fulfilled my previous idea . FX:CADJPY is facing continuous rejection from the descending trendline, maintaining its position within the downward channel. Price is struggling to hold above the 105.00 region, showing signs of distribution after a fake breakout and lower high f
CADJPY Short IdeaThis is a **CAD/JPY** (Canadian Dollar / Japanese Yen) short setup on the **2-hour chart**, structured around a **Head and Shoulders pattern** and a **break of structure**, supported by multi-timeframe bearish bias.
### **Trade Description:**
* **Direction**: SELL
* **Entry Plan**: After the recen
Potential bearish drop?CAD/JPY has reacted off the pivot which is a pullback resistance and could drop to the 1st support which is also a pullback support..
Pivot: 105.84
1st Support: 104.33
1st resistance: 106.80
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only tra
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the CADJPY pair is quoted as 1 CAD per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 CAD.
CADJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CADJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.