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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

cadjpy shortcadjpy at its weekly resistance with 90% plus short sentiments . so with trendline resistance and the the divergence on shorter time frames 1h, 4h with closing of first red hken ashi its best to play to a sell ride... until it reaches its daily support level and then a short buying opportunity ahead with confirmaton of support level bounce with bullish div till the fib 0.5 retracement happens. and after that the last one the trade of sell from the 0.5 fib level till our target area.... so hava a nice bearish ride ahead inshallhaa
Short
by inambari
CadJpy Trade IdeaGonna start this week off with a CJ trade idea! We just came off of a horrible news week. News was in the way and ended up affecting most pairs. CJ has been a range for some time now between 109.8 and 107.8. Price ended last week coming back down below a higher higher with a retest of the resistance. I'm looking for price to either break below and retest to confirm a range continuation or wait on a buy confirmation to the upside. Patience is gonna pay here. Price may open up with a smaller range within the range it's currently in so I'll adapt and make the necessary changes if needed in order to get into some type of sell or buy position.
by OfficialJ23
CADJPY: Accumulating under the 1W MA50. Low risk buy.CADJPY is on a healthy bullish 1D technical outlook (RSI = 59.003, MACD = 0.700, ADX = 25.174) as it hit this week the 1W MA50 for the first time in 3 months. Rejection or not, historical price action shows that every time it tests it coming from a bottom on the 2 year Channel Up, the price breaks it and goes for a HH. The 1W MACD just made this week the new Bullish Cross and the last time it did so on such a low level, it was on April 3rd 2023, exactly at the start of the previous bullish wave. We expect initiallt the price to approach the R1 level, which is our Target (TP = 118.000), like the price did on June 26 2023. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
CADJPY Set To Fall! SELL! My dear friends, Please, find my technical outlook for CADJPY below: The price is coiling around a solid key level - 109.92 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 109.24 Safe Stop Loss - 110.30 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Bearish reversal?CAD/JPY is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 110.94 1st Support: 109.71 1st Resistance: 111.77 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.
Short
by ICmarkets