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Canadian Dollar / Japanese Yen

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CADJPY trade ideas

**CAD/JPY Dynamic Prediction: Key Levels in Play**🔄 **CAD/JPY Dynamic Prediction: Key Levels in Play** 📉📈 CAD/JPY is currently at **109.617**, setting up for some interesting movement. We expect a dip to **109.364** before a move up to **break 109.873**. If a reversal follows, the price could target **108.877**, with potential momentum aiming to break **110.508**. 🔍 **Key Levels to Watch:** - **Current Price:** 109.617 - **Support Touch:** 109.364 - **Resistance Break:** 109.873 - **Bearish Target:** 108.877 - **Bullish Target:** Break of 110.508 💡 **Trading Insight:** This setup could provide trade opportunities both ways. Keeping an eye on these levels for confirmation will be crucial for entry points! 👉 What’s your CAD/JPY outlook? Comment your analysis! #CADJPY #DynamicMove #ForexTrading #KeyLevels #Pipnest
Long
by pipnest
1
Lingrid | CADJPY Potential SHORT from SWAP zoneThe price perfectly fulfilled my last idea. It hit the target. FX:CADJPY has tested the 110.600 resistance zone three times but ultimately bounced off this level after forming a range zone. Given the significant bearish daily candle, I believe the market may head lower. The recent price action has also seen the price break and close below the upward trendline that had been holding for over a week. The formation of lower lows indicates a shift in market structure. If the market rejects the swap zone, we can expect a downward move towards the channel's lower boundary. My target is support zone around 108.75 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
CADJPY Will Collapse! SELL! My dear followers, This is my opinion on the CADJPY next move: The asset is approaching an important pivot point 110.86 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 110.00 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
CADJPYFor CAD/JPY, considering the influence of the U.S. Non-Farm Payroll (NFP) report, a stronger-than-expected NFP typically boosts the U.S. dollar, which can negatively impact the Canadian dollar (CAD) due to its correlation with USD. This, combined with recent yen strength from safe-haven flows amid market volatility, suggests a potential selling opportunity for CAD/JPY. Monitoring key support levels, confirmation from price action, and any divergences on technical indicators is recommended before entering the trade.
Short
by mwananukachabota
Potential bullish rise?CAD/JPY is reacting off the pivot and could rise to the 50% Fibonacci resistance. Pivot: 108.93 1st Support: 108.02 1st Resistance: 109.82 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets