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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

CADJPY Higher Low formed. Strong buy opportunity.The CADJPY pair has formed a new Higher Low on the 4-month Channel Up pattern that started after the 2.5-year Channel Up bottomed its Bearish Leg on the August 05 Low. Being now below even the 1D MA50 (blue trend-line), this is technically a great buy opportunity. The previous long-term Bullish Leg hit the 0.9 Fibonacci level before retracing, which gives us a 117.100 Target for Q1 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
GBPUSD Setup: Bullish Wave Structure & Fibonacci Buy ZoneThe GBPUSD has stabilised after a significant downward move. A completed bullish wave structure has emerged, with Wave 4 failing to break above Wave 3. This indicates a potential buying opportunity from the Fibonacci buy zone. On the 15-minute chart, we can consider going long using the MSL pattern (Lower Low, Low of Day, Higher Low & Higher Close) as a confirmation signal. Entry Point: 1.26303 Stop Loss: 1.2610 Target: 1.2710 Stay disciplined and manage your risk accordingly.
Long
by Charts247TradingAcademy
#CADJPY 4HCADJPY 4-Hour Analysis The CADJPY pair has broken out above a key trendline resistance on the 4-hour chart, indicating a potential shift in momentum to the upside. Additionally, the presence of a buy engulfing candlestick in the breakout area reinforces the bullish sentiment, providing a strong buy opportunity. Technical Outlook: Pattern: Breakout Trendline Resistance and Buy Engulfing Area Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position following the breakout, confirming with bullish price action signals such as sustained trading above the breakout level or further bullish candlesticks. Traders should monitor indicators like RSI and MACD for confirmation of continued upward momentum. Risk management is crucial, with stop-loss orders placed below the breakout level and profit targets set at the next resistance zones or key price levels.
Long
by PIPSFIGHTER
CADJPY next possible move"It’s not the time you have, but what you do with it that matters." – Bruce Lee. In the world of trading and investing, this quote carries profound meaning. Every minute you spend learning, analyzing, and planning your strategies adds another brick to the foundation of your success. Don’t be discouraged by the passage of time or past failures. What truly matters is the quality of the effort you invest. Make every moment an opportunity to grow, refine your skills, and move closer to your goals. Results will come to those who use their time with purpose and determination. Remember, the market rewards those who act with perseverance, not those waiting for a miracle solution. 🚀📈
Short
by eLs-Trading
2
Bearish reversal?CAD/JPY is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support which has been identified as an overlap support. Pivot: 108.44 1st Support: 107.05 1st Resistance: 109.38 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
USDCAD and CADJPY Analysis Ahead of BoC Interest Rate DecisionWith the Bank of Canada (BoC) interest rate decision approaching, we analyse USDCAD and CADJPY using the Daily and H1 timeframes to uncover potential trading opportunities. Market Outlook: CADJPY: The overall market structure appears bearish following a completed wave pattern and a corrective wave. We anticipate further downside movement, signalling potential short-selling opportunities. USDCAD: The pair remains strongly bullish, with expectations for the current uptrend to continue. However, a potential wave-structure pullback on the Daily chart could provide a favourable buying opportunity. Stay blessed and happy trading!
by Charts247TradingAcademy
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 Rodswingfx