CADJPY BULLISH FORECAST MOVEThe CADJPY has been moving upwards as it makes retracements along the move, bulls are still favoured, you can look up in H4 and refine your entry in H1.
Thank You
CADJPY trade ideas
CADJPY: Bearish Continuation Confirmed 🇨🇦🇯🇵
It looks like CADJPY is returning to a bearish trend.
The price completed a consolidation within a bearish flag
and violated its support with a high momentum bearish candle yesterday.
With a high probability, the pair will continue falling soon.
Next support - 107.15
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System gives a short signalPrice seems to be bearish. My system tells me to get short. When/if 1st target gets hit, i will then move my stops to breakeven and then it will be a risk free trade.. With a risk ratio of 1:3 i can be wrong more than 60% of my trades and still be profitable. I never risk more than 2% per trade.
CAD/JPY breaks trend lineAlong with other yen crosses, the CAD/JPY has been printing bearish price action this week amid rising expectations that the BoJ will tighten its belt next week.
The narrowing of yield differential between Japan and those of the rest of the world have helped to put some downward pressure on the al JPY pairs.
Having broken the 108.55-108.90 support area (shaded in red), this area may now turn into resistance upon re-test from below.
The next level of support is seen around 107.50/60 area, followed by the longer-term bullish trend line. Should this trend line also break down then we could see an accelerated move lower in the coming days.
By Fawad Razaqzada, market analyst with FOREX.com
SellResistant resist the price to fly and form a pattern we will go lower time frame and look for sale or wait for pattern breakout
Breakout and retest to the downsideAs we can see the market was in a Range like trend until it broke our Support and retested it meaning the price might go down for a while
CADJPY Will Go Lower! Sell!
Take a look at our analysis for CADJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 108.412.
The above observations make me that the market will inevitably achieve 106.334 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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CADJPY Rising Wedge Breakout and Targeting Support LevelCADJPY is currently trading at 108.300, with a target price set at 106.000, offering a potential gain of 200+ pips. The analysis is based on a support and resistance pattern, indicating the pair’s key price levels. A rising wedge breakout has already occurred, a bearish signal pointing to further downside potential. The price is now positioned below a major resistance level, confirming sellers' dominance in the market. With this setup, the pair is likely to continue its downward movement toward the main support level, which aligns with the target price. The bearish momentum is expected to persist as long as the resistance level holds strong. Traders should watch for any confirmation of increased selling pressure to solidify this trend. This setup highlights a favorable opportunity for bearish trades with a defined risk-reward ratio. The focus remains on the target support level as the next key price point.
CAD/JPY we reached a very strong resistance!Hi guys, I am going with CAD/JPY which I can observe has reached a very strong resistance level so far which it is having trouble breaching out. Additionally we got the news that the Canadian Prime Minister - Justin Trudeau has filed for resignation would bring some weakeness to the CAD
Entry: 109.600
Target: 108.600
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Trendline breakoutWe have a trendline breakout signaling a bearish move, we are currently monitoring for a pullback to go short
WE ONLY TRADE PULLBACKS
CADJPY POISED FOR AN UPWARD (FORMING LIQUIDITY FIRST)Price is currently in a parallel channel looking at creating liquidity ($$$) which it might use to fuel its upward momentum by mopping it up my entry point.
Alternatively, it could break out from the channel to clear the already formed liquidity ($$$) below before a move up.
fingers crossed...
CAD/JPY Short on Regression BreakCAD/JPY has broken the uptrend regression channel and is now net short.
US$ is turning across a number of pairs, however volatility is due to arrive on the 20th with the start of Trump Presidency
CADJPY LONGI expect price to react to this demand level and into the target price. This is 16rr long projection.
15-1 CADJPY:At the end of last year the price was heading towards 110.9 from 103.4. This pair is on the verge of a decline that we would like to enter. Our signal system shows the following signals: Score -12, a big downtrend that is coming from Cot Data 0 Retail sentiment -1, Seasonality -1. Trend reading -2. GDP -2, Manufacturing PMI 0, Services PMI -1, Retail Sales -2, Inflation -2, Employment Change 0, Unemployment Rate 1, Interest Rates -2. We have a sell series from 108.725.
CADJPY: Market Sentiment & Forecast
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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CADJPY BUY Position BUY Position Triangle log size
EN: 109.610
TP1: 109.900
TP2: 110.70
SL: 109.369
The analysis is on a 15-minute time frame.
This is a personal opinion and you are responsible for your own profits and losses.
CAD/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 5H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 109.618 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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CAD/JPY Bullish Analysis: Targeting Key Untested Levels Bullish Outlook Supported by Trendline, Support, and Resistance Levels
The CAD/JPY pair has shown a strong bullish pattern. The price has touched the trendline for the third time, confirming its validity. Additionally, it has broken above the yellow resistance level and is currently retesting it, signaling a continuation of the upward momentum.
From a daily structural perspective, there are untested levels at 111.448 and 113.154 that the market is likely to revisit in the coming sessions.
Key Takeaways:
Trendline Validation: The price has respected the trendline for the third time, reinforcing its significance.
Retest in Progress: The yellow resistance level, now acting as support, is being retested for confirmation.
Target Levels: The market is expected to move toward the untested zones of 111.448 and 113.154.
Risk Management Tips:
Always apply proper risk management strategies.
Risk no more than 1% of your total portfolio on a single trade.
Ensure every trade is accompanied by a stop-loss to mitigate potential losses.
Disclaimer: This analysis is for educational purposes only. Make informed trading decisions and trade responsibly.
#BTCUSD #CADJPY #EURUSD #GBPUSD
CAD/JPY - Bullish ContinuationFX:CADJPY has been experiencing a bullish trend and I am expecting this to continue. This is evidenced by simple price action on 4 hr and printing of higher highs and higher lows!
CADJPY HITS TP 1I dropped this analysis on December 12th, 2024. Take Profit 1 achieved as predicted. Will Price Get To The renegotiation Resistance for take profit 2? lets watch as it plays out!
Trading System (PRORARP) is power!
Continuation of uptrend to the Supply zoneAs we can see the market was in a downtrend before forming double bottom. Change of Character occurred and the price gave us a new Higher high and Support, which was tested 3 times
This means we might have buyers on the support that might push the price up again(continuing the uptrend to the Supply zone), H1 for candle confirmation of buyers.
