Heading into overlap resistance?CAD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 104.92
1st Support: 103.55
1st Resistance: 105.95
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.
CADJPY trade ideas
CAD/JPY At Very Interesting Area To Buy , Don`t Miss 250 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADJPY LONG1. On wkly TF narrative is bearish but has just rejected an old low. Prev wk candle swept the wk1 candle closing above issuing a high probability chance for reversal.
2. on H4 Tf price has shifted the bias from bearish to bullish, hence this week we are looking for longs to the highs of the week 1 candle
CAD/JPY "The Loonie-Yen" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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📰🗞️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
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📌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.
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CADJPY MAJOR SUPPORT IS BROKEN!!!CAD/JPY has broken the major weekly support and In this case, a massive bearish trend may emerge from the look of things. A retracement to the broken support which now turn resistance may support a further bearish trend. We keep a close watch to see how to capitalize on this emerging trend
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.
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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
Could the price bounce from here?CAD/JPY is falling towards the pivot and could bounce to the overlap resistance.
Pivot: 102.38
1st Support: 101.36
1st Resistance: 104.86
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.
Potential bullish rise?CAD/JPY is reacting off the pivot and could rise to the 1st resistance which line sup with the 50% Fibonacci retracement.
Pivot: 102.38
1st Support: 101.36
1st Resistance: 104.74
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.
CADJPY Wave Analysis – 11 March 2025
- CADJPY reversed from the support area
- Likely to rise to the resistance level 104.00
CADJPY currency pair recently reversed up from the support area between the major long-term support level 101.60 (former multi-month support from August) and the lower daily Bollinger Band.
The upward reversal from this support area will likely form the daily Japanese candlesticks reversal pattern Bullish Engulfing.
Given the strength of the support level 101.60, CADJPY currency pair can be expected to rise to the next resistance level 104.00 (former top of wave ii).
CADJPY: Bearish Continuation is Expected! Here is Why:
The price of CADJPY will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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-BUY strategy Daily chartThe pair has been moving down aggressively, and even though its very oversold, it managed to move even lower than expectation. My view is unchanged, and the objective is somewhere 105.78 area or higher, hence the reward ratio is very attractive.
Strategy BUY current or add @ 101.50-101.75 and take profit near 105.57 for now.
CADJPY-BUY strategy 12 hourly chart I had placed a KAGI chart some days back, and that showed quite an oversold status. The regression analysis, as well shows we are in an oversold state, but not very extreme, but reasonable enough, and we are trading at the lower end of the channel.
Strategy unchanged view, and BUY current or add to LONG positions @ 102.00-102.35 and take profit @ 105.17 for now.