CADJPY SELL SETUPCJ also gave an impulse sell off from supply structure also forming an evening star on the daily. Now looking for another sell opportunity on the pull back or retest!
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.
CADJPY LONGSBeen a Bullish trend since October, and November opened above Oct close. Big ingulfing candle with the close and open below( July close was resistance turn to support with November opening above. I'm expecting buys above 109.899 and Take profits FX:CADJPY at 112/113/114 and possibly 115/116 but pu
Market Analysis: CADJPY H1 Bearish Wave Structure AnalysisThis evening, my focus is on the CADJPY H1 timeframe. We have identified a completed bearish wave structure on the H1 timeframe. Earlier this afternoon, during the New York session, a trend reset was observed, breaking above the last Structure 4.
From this point, based on wave structure anatomy, we
CADJPY: Pullback From Resistance?! 🇨🇦🇯🇵
CADJPY may retrace from a key daily horizontal resistance.
As a confirmation, I see a tiny double top pattern on an hourly time frame.
Goal - 111.06
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#006 DCA CADJPY SellI wanted to short CADJPY just now when price was at the weak up channel, however, on the higher time frame, especially the Daily, price was above the 60SMA, so, I thought to myself, I might sell it later if I get some extra confirmations in some form, for example, strong selling pressure.
Now, pric
CADJPY demand trade idea we have CAD breaking alot of structure to the upside and now its back at a demand and we have a nice rejection candle of the demand and the 200 ema. if we can break this h4 candle to the upside i will get in to this trade and SETANDFORGET as always.
CADJPY ForecastAiming for some higher highs before big reversal with incoming 25 bps rate cut by the BoC and 10 bps rate hikes by BoJ.
Don't get caught in Longs!
CADJPYWe can attempt to buy CADJPY from specified level as it make HL , also 0.618 FIB level intact indicate that it moves upward.
SL , TP mention in chart
CADJPY-SHORTCADJPY was trading in a bullish channel,now a top has been formed at the H4 and its seems that now the bullish channel will break with a short oppurtunity at the break of neckline.
CADJPY: Bullish Continuation is Expected! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current CADJPY chart which, if analyzed properly, clearly points in the upward direction.
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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 current rate of CADJPY is 110.631 JPY — it has increased by 0.05% in the past 24 hours. See more of CADJPY rate dynamics on the detailed chart.
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.
The term volatility describes the risk related to the changes in an asset's value. CADJPY has the volatility rating of 0.70%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADJPY showed a −0.43% fall over the past week, the month change is a 0.26% rise, and over the last year it has increased by 1.34%. Track live rate changes on the CADJPY chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
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.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with CADJPY technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the CADJPY shows the buy signal, and 1 month rating is buy. See more of CADJPY technicals for a more comprehensive analysis.