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CADJPY trade ideas

CADJPY uptrend detected ! 106.000 TargetThe current price is positioned at a crucial key level, serving as a significant point of interest for market participants. Given this strategic positioning, we anticipate an upward movement in the short term, driven by potential buying momentum and market optimism. If this level holds as a strong support, it could act as a catalyst for bullish sentiment, encouraging further price appreciation. However, it remains essential to monitor market conditions and external factors that may influence price dynamics, ensuring a well-informed approach to trading decisions.
Long
by Ryanken
CAD/JPY: Bullish Structure Holds with Breakout PotentialThe CAD/JPY market continues to show bullish strength, forming a clear sequence of higher highs and higher lows. On the daily timeframe, an inside bar pattern has emerged, indicating a period of consolidation that may lead to a bullish continuation, especially with the candle closing above the 105.000 level. At the moment, the price is testing Monday’s high, and a breakout above this point could trigger further upside. The market may form a range around the current level before continuing its move higher from the previous week’s high and the upward trendline. The next target is the resistance zone around 106.300
Long
by RTED_Investing
CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! Previous week’s green candle means that for us the CAD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 104.075. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
CADJPY-BUY strategy 6 hourly chart The pair has been near 101.50 area lows, and recovered strongly again. As stated earlier updates, low's we cannot predict, but we can see overall careful adding to the positions managing to get improved averages overall, and constantly manage it effectively. For now, the pair seems to position itself into more positive territory, i.e., stochastic, fisher form and other indicators not shown. Strategy BUY 102.10-102.50 or lower when seen, and take profit at 104.87 on first GANN resistance attempt. Overall see 105.90 possible.
Long
by peterbokma
1
CAD/JPY "The Loonie-Yen" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Thieves, 🤑 💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the CAD/JPY "The Loonie-Yen" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits, Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (108.500) then make your move - Bullish profits await!" however I advise to placing the Buy Stop Orders above the breakout MA or placing the Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at 107.100 (swing Trade Basis) Using the 4H period, the recent / Swing Low or High level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 112.000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: CAD/JPY "The Loonie-Yen" Forex Market market is currently experiencing a bullish trend,., driven by several key factors. 🟣Fundamental Analysis Economic Indicators: Influenced by Canada's GDP, employment change, consumer price index, and Japan's GDP, inflation rates. Monetary Policies: Impacted by Bank of Canada (BOC) and Bank of Japan (BOJ) interest rate decisions, quantitative easing, and forward guidance. Trade Balance: Canada's trade balance, particularly with the US, and Japan's trade balance with China and the US. Energy Prices: Correlated with energy prices, as Canada is a major oil exporter. Safe-Haven Currency: Japanese yen considered a safe-haven currency during times of market stress. 🟡Macroeconomic Analysis Global Economic Trends: The global economic slowdown and trade tensions are impacting both Canada and Japan Commodity Prices: Canada's economy is heavily influenced by commodity prices, particularly oil prices Japan's Trade Balance: Japan's trade balance has been impacted by the ongoing trade tensions between the US and China 🔵COT Data Analysis Net Long Positions: Institutional traders have increased their net long positions in CAD/JPY to 58% COT Ratio: The COT ratio has risen to 2.1, indicating a bullish trend Non-Commercial Traders: Non-commercial traders, such as hedge funds and individual traders, have increased their long positions to 62% ⚪Market Sentimental Analysis Bullish Sentiment: 55% of client accounts are long on this market, indicating a bullish sentiment Bearish Sentiment: 45% of client accounts are short on this market, indicating a bearish sentiment 🔴Positioning Data Analysis Institutional Traders: Institutional traders are positioning themselves for a bullish trend, with some predicting a move to 112.00 Corporate Traders: Corporate traders are also monitoring the pair's performance, considering factors like interest rates and global economic trends 🟠Technical Analysis Trend Line: The pair is holding comfortably above the ascending trend line Moving Averages: The 200-period and 100-period Simple Moving Averages (SMA) are indicating a bullish bias Relative Strength Index (RSI): The RSI indicator on the 4-hour chart stays above 50, indicating a bullish trend ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Long
by Thief_Trader
CAD/JPY SHORT FROM RESISTANCE Hello, Friends! CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 102.749 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
CADJPY is in the Selling TrendHello Traders In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (CADJPY market update) 🟢What is The Next Opportunity on CADJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000