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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

Buy CADJPY Triangle BreakoutThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a triangle pattern. Possible Long Trade : Entry: Consider entering a long position (buying CAD/JPY) above the broken resistance trendline of the triangle after confirmation. Ideally, this would be around 114.40 or higher if the price continues to rise. Target Levels: 115.00: This represents the height of the triangle, measured from its apex (highest or lowest point) to the breakout point, projected upwards from the breakout point. 115.23: This is a further extension of the upside target, based on the height of the recent price movement before the breakout. Stop-Loss: Once the entry point is confirmed, place a stop-loss order below the broken resistance line of the triangle, ideally with some buffer around 114.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you.
Long
by KABHI_TA_TRADING
1
CADJPY Ranging After 2.7% Canada CPI Data Release - Using the 15-minute chart for CADJPY, the exchange rate has been ranging between 114.825 (resistance) and 114.191 (support). - The current exchange rate is around 114.400, following a rejection at the support level. - If the support level holds, there is a high probability that the exchange rate will move up towards the resistance. - If the resistance level is broken to the upside, the exchange rate is likely to increase further. - Conversely, if the support level fails to hold and is broken to the downside, the exchange rate is likely to decrease further. Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350).
by Stuart_Cowell
CADJPY - BUY Carry Trade continues CAD interest rate 5% Jappy 0.10% Jappy Yen the only game in town really where Hedge Funds Companies, Banks can Park their money as JPY is also very Liquid. Current Rates: Bank of Canada Interest Rate: 5% Bank of Japan Interest Rate: -0.10% Total Profit for 1 Day: $156.79 + $0.12 Int =$156.91 So, if you buy 1 lot of CAD/JPY and it moves 18 pips in your favor, and you hold the position overnight, you would make approximately $0.12 in interest. Better than Nothing
Long
by NZ_Shareman
CAD/JPY For Bullish after confirm Break Of Structure of H1you can go long now or wait for break current Higher high of Lower time Frame (H1) and retest to go long @ Green Arrow or wait price to back to cover Fair Value Gap (yellow area) and go long after that - General Trend is Up Trend - JPY is Weak - Higher Time Frame will be H4 , lower timer Frame will be H1 or 15M - we saw Change of Character of the lower Timer Frame (h1) @ Red Arrow after that price make perfect pull back @ Blue Arrow so we will wait for Break of Structure @ Green Arrow to go long and take any target - if price fail to break the current resistance at Green Arrow it may be make pull back to cover the Fair Value Gap and Go Up Again have Fun :)
Long
by maxbayne
Heading into pullback resistance, could it reverse from here?CAD/JPY is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 114.77 1st Support: 113.03 1st Resistance: 115.88 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
CADJPY CUP & HANDLEHello traders! Let's revisit the CADJPY chart and provide an update since I shared the idea on August 17. It's time to clarify things. Our focus is on CADJPY, where an interesting Cup and Handle Pattern is taking shape on the daily chart. For a more in-depth understanding of Cup and Handle patterns, you can check out additional resources here: (www.tradingview.com). Make sure to return here for the continuation of this analysis! Examining the price action, we observe a distinct double bottom with a Low Cup at 104.247. Currently, the price is situated below the Breakout level at 110.624, and astute traders will notice the ongoing development of the handle phase. Once the anticipated breakout occurs at 110.624, we will take action and execute the trade, placing our stops just below the previous low pre-breakout. Our target sights are set on the first target zone: 62% at 120.845 and 79% at 123.620. But that's not all – keep your trading antennas finely tuned, as additional setups may emerge on smaller timeframes, enhancing our trading landscape further. Remember, trading is a continuous journey. Stay vigilant, stay informed, and, most importantly, stay tuned for more exciting developments in the world of trading. Happy trading, everyone! 📈📉
Long
by TradeChartPatternsLikeThePros
2
Could CAD/JPY reverse from here?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci projection and could reverse from this level to our take profit. Entry: 114.72 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci projection. Stop loss: 115.84 Why we like it: There is a pullback resistance level which lines up with the 161.8% Fibonacci extension. Take profit: 113.04 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets