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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

CADJPY Will Fall! Sell! Here is our detailed technical review for CADJPY. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 107.583. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 106.848 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Bullish bounce?CAD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 105.77 1st Support: 104.88 1st Resistance: 108.47 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.
Long
by ICmarkets
Tariffs/oil/and interest rates? Bank of Canada is set to meet on dec 11 and Bank of Japan on Dec 19. eyeing both events for further direction. one of the incoming US administrations first order of business of course is releasing the energy. OPEC has just announced it is going to gradually unwind 2.2 million barrels per day through 2026 and the US flooding the market with oil can have a negative effect on Cananda. The cherry on top of course is the fear of incoming 25% tariffs in Canada. lower lows and lower highs below the golden zone would be an ideal entry area.
Short
by EnertexCapitalBuildersLLC
#002 NEW DCA CADJPY SHORT RangeThis is a setup I revisited now, now that price has come back to the resistance level of the range. I spotted this setup yesterday and have placed a sell limit order for it but price didn't take it before moving downwards. I have since then removed the sell limit. Even though I have another position that buys JPY, but the price movement seems different. I do not want to think much about it. I am talking more just for the sake of filling up the word count. I think that the more one talks the more they think and the complexity of shet increases, and when the boiling point of drawdown reaches the moon, we blow the account. So, I will try to talk less. More pictures. Less talk. 0040SGT 11122024
Short
by ProfessionalDuckHunter
PA #3 : cadjpy sell 10/12/24Post Analysis Objective: +10% profit Current Profit: -3.82% Number of Trades: 0 1. What Did I Do Right? - I focused on the central question: Is there activity, and if yes, where is the job/activity? - I correctly identified that the demand/job was related to CAD, which was bearish. - I selected a bullish asset to pair with CAD, demonstrating strong logic in asset pairing. - I classified assets into bullish/bearish categories and ranked them by importance. For instance, while both JPY and CHF were strong, I accurately determined that JPY was stronger than CHF, which is crucial for pair selection. 2. What Did I Do Wrong? - I did not choose the best pair (USDCAD), despite it being a clear candidate based on the job created after the NFP and the overall bullish nature of USDCAD. - I overlooked the USDCAD setup during my analysis, even though I reviewed the pair. - I missed the opportunity because I did not consider the possibility of market reactions to CAD, as there was no significant news event for CAD on the day. 3. What Am I Going to Improve? - Incorporate a quick scan of pairs to check for jobs/demand created in previous sessions or overnight, even if no news event is scheduled for the pair. - Enhance my focus on spotting high-potential setups like USDCAD by revisiting pairs I’ve analyzed earlier in the session. Notes : The fact that I did not take any trades bothers me significantly. I feel like I should be taking more trades. I can barely bring myself to take a trade, which is an issue. I need to increase the number of trades I take, within reason, ensuring they are based on good setups. To address this, I will consider reducing the rigidity of my confirmation criteria. This change aims to help me take more trades while maintaining the fundamental questions of identifying activity and selecting the right pair. I believe this part is critical to improving my trading. I need to find a way to take trades with less confirmation when I encounter a valid setup.
Long
by elpatrondelamafia
CAD/JPY Short term Trade following up on ascending channelHi friends today we are starting off with a fantastic opportuntiy following up on the positive beat on the CADJPY formulating an ascending channel we will test the lower levels of 107 and then we will see if there is more value to be extracted. Entry : 106.385 Target : 107.100 Stop loss : 106.039 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Long
by DG55Capital
1
Intraday Analysis: CADJPY Forecast and Trade SetupThe overall trend on the major timeframes for CADJPY remains bullish, despite a breakdown continuation observed last week. Current Market Overview: The lower timeframe (M5) printed a bullish wave structure this morning. We anticipate a corrective move below 105.76. In the short term, a potential downside reversal is expected. Trade Setup: Look for shorting opportunities below 106.34, targeting a break below 105.77. If price action breaks below 105.77, we can consider buying opportunities, aligning with the larger bullish trend. Key Levels to Watch: Sell Point : 106.34 Buy below : 105.77
Short
by Charts247TradingAcademy
CADJPY Is Going Up! Buy! Take a look at our analysis for CADJPY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 106.432. The above observations make me that the market will inevitably achieve 107.126 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
CADJPY Smart Money Concepts (SMC)In modern trading, especially within the Smart Money Concepts (SMC) methodology, terms such as Order Blocks, Imbalances, Breaker Blocks, and Inverted FVG (Fair Value Gaps) are widely used. Below is a detailed explanation of each: --- 1. Order Blocks An Order Block is a zone on the chart where large institutional investors have left "traces" of their operations, meaning a place where there was a concentration of buying or selling activity. It is typically the last candle before a significant price movement. Bullish Order Block: The last bearish candle before a strong upward movement. Bearish Order Block: The last bullish candle before a strong downward movement. How to use: Price often returns to order blocks before continuing the trend. Order blocks are used as potential entry or exit zones. Example: If the market is falling and a sharp reversal upwards begins, the last red candle before this rise is the bullish order block. --- 2. Imbalances An Imbalance is a zone on the chart where demand and supply were sharply uneven, creating "gaps" in the market structure. These zones are often referred to as FVG (Fair Value Gaps)—an area between the wicks of the first and last candles of three consecutive candles, where the middle candle does not overlap with the first or third. It is believed that the market tends to fill these gaps, meaning the price often returns to these zones before continuing its movement. How to use: Imbalances can serve as a reference for identifying potential retracement zones. Enter a position when the gap is filled. Example: In an uptrend, if the price rises sharply, creating a gap between the wicks of candles, traders can expect the price to return to this area. --- 3. Breaker Blocks A Breaker Block is a zone that forms when the market breaks a key support or resistance level and begins moving in the opposite direction. They appear where an order block was "broken." Breaker Blocks indicate that the previously dominant trend has been broken, and the market is preparing for a new movement. They can also be used to filter valid order blocks. How to use: After an order block is broken, the former support/resistance zone can serve as an entry point after a retest. Used to identify trend reversals. Example: In an uptrend, if the price breaks below the previous bullish order block, it becomes a bearish breaker block. --- 4. Inverted FVG (Inverted Fair Value Gap) An Inverted FVG is a zone where the market provides excessive liquidity in the opposite direction, creating an opportunity for "smart money" to trap traders in the wrong movement. An Inverted FVG occurs when the market "absorbs" liquidity, making traders believe the trend is continuing, but it is actually a manipulation before a reversal. It is used to analyze price manipulation and find entry points against the "trap." How to use: Enter after the price has covered the FVG zone and confirmed a reversal. Inverted FVGs often appear in zones that collect stop losses. Example: In an uptrend, the price sharply breaks a resistance zone (creating an FVG) but then reverses back and moves downward. --- Conclusion Order Blocks and Breaker Blocks help identify zones where large players may enter the market. Imbalances highlight areas where the price might return to balance demand and supply. Inverted FVGs help traders avoid traps set by large players and enter the market more strategically. These elements are especially useful for traders following SMC principles, as they provide a deeper understanding of the actions of major market participants.
by Tonksovave