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.
CAD/JPY For Bearish as pull-backyou can go short now
or
wait for pull-back near by entry point and then go short
general trend is up trend
current phase is pull-back
have fun :)
GAPS Everywhere! YOU MUST understand how everything is connectedAll the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain dir
CADJPY - Bearish Rising WedgeHello Traders !
The CADJPY price formed a rising wedge pattern.
The price broke the support line.
So, I expect a bearish move📉
_______________
TARGET: 103.655🎯
CAD_JPY STRONG BULLISH BIAS|LONG|
✅CAD_JPY made a bullish
Rebound from the rising
Support and then broke the
Key horizontal level
Around 105.727 so we are
Bullish biased and after a
Local pullback we will be
Expecting a further
Bullish continuation
LONG🚀
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Disclosure: I a
CAD/JPY For Bullishyou can go long now
or
wait for pull-back near by entry point and then go long
or
wait for break current resistance area (Red Arrow) and then go long with retest for that area
general trend is up trend
have fun :)
Bullish bounce off pullback support?CAD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 103.77
1st Support: 103.11
1st Resistance: 105.60
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Trading Forex and CFDs carries a high level of risk to your capital
CADJPY BULLISHCADJPY BULLISH
print new HH and now its print HL
at current price its good for buying
no sign for reversal
CAD/JPY For Bullishwait for pull-back near by entry point and then go long
general trend is up trend
have fun :)
CADJPY: Bullish Continuation is Expected! Here is Why:
Looking at the chart of CADJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Displays a symbol's price movements over previous years to identify recurring trends.
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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.