02.04.25 Morning ForecastPairs on Watch -
FX:CADJPY
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
JPYCAD trade ideas
CADJPY Will Move Lower! Sell!
Here is our detailed technical review for CADJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 104.000.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 102.916 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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CADJPY: Bearish Wedge PatternCADJPY: Bearish Wedge Pattern
The price broke out from a bearish Wedge Pattern.
The volume is growing, and after a pause, CADJPY can move down more.
Both economies are impacted by Trump's tariffs but in my opinion Canada has more problems and Trump can create more instability.
Targets:
🎯 104.65
🎯 104.00
You may find more details in the chart!
Thank you and Good Luck!
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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.
CADJPY → Consolidation before the news. DowntrendFX:CADJPY continues to forge a downtrend, but within the current movement a symmetrical triangle of accumulative nature is forming
The currency pair may continue its decline due to the strengthening of the Japanese Yen, while the Canadian is consolidating in a narrow range.
The situation may be accelerated by today's news, namely Trump's speech, where he may announce new tariff measures.
Technically, the price is correcting after the false break of 103.56, being below the previously broken upside support. Price is testing key resistance at 104.90, and against 0.5 Fibo is forming a false breakout. A consolidation below 104.69, a break of 104.525 could trigger further decline.
Resistance levels: 104.900, 105.36, 105.74
Support levels: 104.525, 103.56
There are important news ahead, high volatility is possible, especially at the moment of Trump's speech, which may set a medium-term tone in the market.
The currency pair is in consolidation on the background of the downtrend and the priority is to expect a continuation of the fall
Regards R. Linda!
CADJPY Retesting Key Level: Will Sellers Step In?OANDA:CADJPY is approaching a key level that previously acted as support. Now that price is retesting it, there’s a good chance it could turn into resistance. If sellers step in, we could see a bearish reaction.
If the price shows clear signs of rejection from this zone, I anticipate a move downward toward the 104.500 level, which serves as a logical target for this setup. Conversely, a clean breakout above the zone could signal a potential bullish continuation.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have
CADJPY At AOI looks to be going short. Multiple time frames are lining up and they are agreeing that the price will be dropping… let’s see.
4 hour Trendline breakThe price broke a 4-hour trendline and has made its first pullback which an opportunity to go short
WE ONLY TRADE PULLBACKS
Potential bearish drop?CAD/JPY gas rejected off the pivot which is a pullback resistance and could drop to the 1st support/
Pivot: 105.18
1st Support: 101.71
1st Resistance: 107.74
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.
Bearish breakout?CAD/JPY is reacting off the pivot which acts as an overlap support and could drop to the 1st support which has been identified as a pullback support.
Pivot: 103.58
1st Support: 102.28
1st Resistance: 104.70
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.
Falling towards pullback support?CAD/JPY is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 104.27
1st Support: 103.54
1st Resistance: 105.58
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.
CAD/JPY hits resistance ahead of tariffs dayThe CADJPY rebounded alongside risk assets, but its now testing key resistance at 104.50, where the recovery might falter.
This level was prior support and resistance, and where the 21-day exponential moving average comes into play.
Given an overall bearish structure, I wouldn't be surprised if the selling resumes here.
By Fawad Razaqzada, market analyst with FOREX.com
Pullback resistanceahead?CAD/JPY is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support which is a pullback support.
Pivot: 104.77
1st Support: 103.15
1st Resistance: 105.39
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.
BUY CADJPY for bearish trend reversal STOP LOSS : 103.53 BUY CADJPY for bearish trend reversal
STOP LOSS : 103.53
Regular Bullish Divergence
In case of Regular Bullish Divergence:
* The Indicator shows Higher Lows
* Actual Market Price shows Lower Lows
We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart.....
The daily time frame is showing strength of trend reversal from this strong level of Support so we are looking for the trend reversal and correction push from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
A SELL OPPORTUNITY IN CADJPYPrice offers a sell opportunity as we see a significant drop in price. The daily timeframe remains bearish. A sell opportunity is envisaged from the current market price. Target profit is at 102.918
CADJPY 1H forecastProjecting a further decline on CADJPY as a 5waves sequence or a potential correction pattern A-B-C. We come from a bullish impulse formation, which is now complete. If you take note,* we broke below the momentum trendline, and now we're making lower highs, indicating the trend is ending and changing the trend.
Accurate Entries using the H4, I am BUYING CADJPYAll the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
www.tradingview.com
CadJpy Trade IdeaAnother pair that ended last week bullish is gonna be CJ. We have clean structure flips on both higher and smaller time frames. This week I'll be looking for smaller time frames to shift within the range before getting into any longs. If all goes well then we could expect price to make a new weekly high. We'll see what happens.
CADJPY BUY AnalysisBuy Analysis Overview:
1. Clear Bullish Market Structure
• The chart shows a series of higher highs and higher lows, confirming bullish momentum.
• Price has broken previous resistance levels and is now using them as support (e.g., zones around 105.000 – 105.260).
2. Retest of Previous Breakout Zone
• Price recently broke above a significant resistance (now turned support) around 105.200 – 105.300.
• It’s currently retesting that area — a bullish continuation pattern if it holds.
• The current consolidation just above the support zone is a healthy sign of buyers defending the level.
3. Support from Moving Averages
• Price is sitting above both the 50 EMA (blue) and 100 EMA (black), which are also sloping upward.
• These EMAs are acting as dynamic support, further strengthening the bullish outlook.
4. Entry from Demand Zone
• The small demand zone (light blue box) around 105.200 has been tapped multiple times without being broken — showing strong buying interest.
• Ideal spot for buy entries with minimal drawdown.
5. Clear Upside Target
• If the support holds, the next bullish target is around 106.500 – 107.250.
• The top green zone (~107.259) marks a logical take profit, based on historical supply and prior swing highs.
⸻
Entry & Risk Plan:
• Entry Idea: Long around 105.200–105.300 zone (on confirmation of bullish candle or engulfing pattern)
• Stop Loss: Below 104.950 (beneath the demand zone to avoid fakeouts)
• Take Profit Zones:
• TP1: 106.500
• TP2: 107.250
CAD/JPY For Bearishyou can go short now
or
wait for pull-back near by entry point and then go short
general trend is up trend
current phase is pull-back
have fun :)
CAD/JPY Bearish Setup Near Resistance – Rejection Incoming?📉 Trend Analysis:
The pair is in a downtrend, confirmed by the descending trendline.
Lower highs and lower lows indicate bearish momentum.
📌 Key Levels:
Resistance Zone (104.5 - 106.0): Marked in purple, this area has previously acted as support and is now a key resistance zone.
Support Area: Around 100.0 - 101.0, a psychological level where price may find demand.
📊 Trade Scenario:
Bearish Rejection Expected: Price is approaching the resistance zone and trendline confluence. If rejection occurs, a downward move towards 100.0 is likely.
Break Above? If price breaks above the resistance zone and trendline, bullish momentum could invalidate the bearish setup.
🔍 Conclusion:
Watching for rejection near 105.0-106.0 to confirm a short opportunity.
If rejection happens, next targets are 102.0 → 100.0.
A bullish breakout above 106.0 could shift momentum upwards.
CADJPYOANDA:CADJPY can go either way. It made a daily 61.8% retracement but, it's at a daily support. It price breaks below H4 support then we can sell towards 103.200 area. If price respects H4 support, then price should push towards 106.170 area.
