Bullish on Cadjpystructure, followed by price actions is king.
structure was broken around 104.070 area, we wait for price to come back to demands zone for buy entry. our target area will be the previous highs.
target# 1 105.105
target #2 105.950
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 Will Go Higher! Long!
Take a look at our analysis for CADJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 103.810.
Taking into consideration the structure & trend analysis, I believe that the market will reach
CADJPY - NEW BREAKOUT !Hello Traders !
The CADJPY price formed a descending channel.
Currently, The resistance line is broken !
So, I expect a bullish move🚀
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TARGET: 105.390🎯
EUR/NZD Short and CAD/JPY ShortEUR/NZD Short
Minimum entry requirements:
• If tight non-structured 5 min continuation forms, reduced risk entry on the break of it.
• If tight structured 5 min continuation forms, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation
CJ BEARISH PATTERN C-D LEGLooking to see if price makes a move on bears. Wait to see clear move before entering positions on this trade.
Bullish bounce off pullback support?CAD/JPY has bounced off the pivot, which has been identified as a pullback support that lines up with the 38.2% Fibonacci retracement and could rise to the 1st resistance.
Pivot: 104.26
1st Support: 103.24
1st Resistance: 106.19
Risk Warning:
Trading Forex and CFDs carries a high level of risk t
CAD/JPY For Bearish as pull-backyou can go short now
general trend is up trend
current phase is pull-back
have fun :)
CAD/JPY H4 AnalysisThe downtrend which started earlier this month came to an end last week after a low at 103.008
Since then, we have seen higher highs and higher lows as the buyers come into the market.
Look for pullbacks and buy setups that meet your strategy rules if you agree with this analysis.
CADJPY: Bullish Continuation Confirmed 🇨🇦🇯🇵
Look how strongly CADJPY reacted to a recently broken
resistance that turned into a support after a breakout.
A bullish violation of a resistance line of a falling wedge on an hourly time frame
with a bullish imbalance confirms a highly probable growth.
The price will go up at least to 105.09
LONG ON CAD/JPYCADJPY is rising off a major demand zone.
Us tariffs shaking up the JPY in a negative way.
I will be buying this pair looking to catch over 100 pips to the next fvg/supply area.
See all ideas
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.