CADJPY LongPrice recently broke structure to the upside (BoS), confirming a bullish shift in momentum after forming a double bottom around the 101.50–102.00 region.
Currently, price is consolidating beneath the 104.90–105.00 resistance area, with a clear lower timeframe supply zone just above. If bulls sustain pressure, we could see a short-term rally toward the 106.00 zone, where the next supply awaits.
However, the key level to watch is 107.600, aligning with a major Daily Timeframe Supply Zone. This zone may act as a strong reversal point or profit-taking area for swing traders.
CADJPY trade ideas
CADJPYJust keep the chart simple. Price is currently on a descending channel, internally, we've seen a breakout from my trendline, a retest on it which holds and I expect price to continue falling, nonetheless, don't forget that price respects the little things that matters within the channel like support and resistance areas.
Cheers!
CadJpy Trade Idea UpdateI published a CJ short set up and stated my reasons for looking to go short on the pair. I just personally went short with price sweeping liquidity and retesting an area I was interested in. We even had the 1hr pullback before price gave the bearish engulf for confirmation. If all goes well we should see price dump until it eventually taps back into the weekly low at 103.250. We'll see how price plays out.
CadJpy Trade IdeaCJ at one point broke bullish structures before trying to go back bullish. Once price tried to push back above the HL it crashed back down telling us we could potentially still see the original break of structure play out. I waited for price to retest the break below the HL in order to confirm our overall direction back to the downside. I'll be waiting for price to retest a level of support turning it into resistance while sweeping the liquidity just below the level of retest. We'll see what happens.
CADJPY My Opinion! BUY!
My dear friends,
Please, find my technical outlook for CADJPY below:
The price is coiling around a solid key level - 104.32
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 104.57
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
CAD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the CAD/JPY with the target of 102.555 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CADJPY BULLISH OR BEARISH DETAILED ANALYSISCADJPY has successfully broken out of a well-defined falling wedge pattern, confirming a bullish reversal setup on the daily timeframe. Price action has not only cleared the descending trendline but has also completed a clean retest of the breakout zone near 104.000–104.500. This retest held firmly, showing strong buyer interest, and the pair is now poised for a continuation toward the next key resistance level around 110.000. The technical structure is now favoring bulls, with momentum shifting upward after a prolonged corrective phase.
Fundamentally, the Canadian dollar is gaining strength supported by rising crude oil prices and stronger-than-expected economic data from Canada. The Bank of Canada’s recent tone remains relatively hawkish compared to other central banks, which adds further support to CAD. Meanwhile, the Japanese yen continues to remain under pressure due to the Bank of Japan's ultra-loose monetary policy stance. With Japan’s inflation struggling to sustain above target, the BOJ is showing no urgency to tighten, which keeps JPY weak against higher-yielding currencies like CAD.
The breakout from the falling wedge is also being supported by volume and bullish daily candles, suggesting a solid shift in market sentiment. The pair has formed a higher low and higher high, officially transitioning into a bullish structure. With the retest of the breakout structure now complete, there’s a high probability for continuation toward 108.000 initially and a full extension to 110.000 in the coming weeks.
Traders should closely monitor any dips as potential buying opportunities as long as CADJPY holds above 103.500–104.000 support. The reward-to-risk ratio remains favorable for swing traders aiming for medium-term targets. With strong technical confirmation, supportive fundamentals, and risk appetite returning to markets, CADJPY is setting up for a potentially profitable bullish wave.
CADJPY SELL IDEA-The daily chart is showing a Head and shoulders pattern, with the right shoulder complete, as indicated by the last daily close.
- H4 is also showing a Head and Shoulders Pattern with the right shoulder complete. Additionally, Price reached a major supply zone (Circled areas) and fell, forming a head pattern and a lower high.
- Price has formed a lower high and lower low on H1, and the last candle's close was an inverse bearish pin bar.
Risk - 40 pips
Reward - 159 pips
CAD_JPY LONG FROM SUPPORT|
✅CAD_JPY has been falling recently
And the pair seems locally oversold
So as the pair is approaching
A horizontal support of 104.200
Price growth is to be expected
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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
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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
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.