CAD/JPY Key Areas (October)CAD/JPY has continued momentum to the upside despite fear sentiment coming into markets last night.
Key levels persist amongst a tentative BOJ.
JPYCAD trade ideas
CADJPY 1H SHORT TREND BREAK-OUT R TEST HEAD AND SHOLDUR FIBO RESThere are strong signs of a downtrend in the Cadjpy pair. Trend break Retest head and sholders and strong Fibo resistance reversal
time t o buy asia markets. jpysright after a green day signal. perfect entry points at closing price.
#CADJPY 1HCAD/JPY 1-Hour Chart Forecast
The CAD/JPY pair is showing **bullish potential** on the 1-hour chart, suggesting an opportunity to enter a **buy trade**. The pair may have been experiencing upward momentum, with key technical indicators pointing toward continued strength.
The following key elements support the buy forecast:
Uptrend Formation: The pair is likely respecting an upward trendline or breaking above recent resistance, indicating strong buying pressure.
Momentum Indicators: Oscillators such as the RSI or MACD may confirm bullish momentum, signaling that there is room for further upside.
Support Levels: The pair could be bouncing off a key support zone, offering an attractive entry point for buyers looking to ride the trend higher.
Traders looking to enter a buy trade should consider setting stop-loss orders below recent swing lows to manage risk in case of a pullback. Targeting previous highs or key resistance levels is recommended as potential take-profit areas. Keeping an eye on any shifts in sentiment or market conditions is essential, but overall, the technical picture supports a **buy forecast** for CAD/JPY in the short term.
CADJPY Possible short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
CADJPY moving in downtrendCADJPY has broken upward trend line on hourly time frame and know price is printing higher lows and lower lows which indicates downtrend .
CadJpy Trade IdeaA pair that correlates with EJ is CJ. If both pairs can pullback to retest the structure flip after respecting the range then we can expect both pairs to crash to the downside to continue the range between 106.140 and 103.450.
Alert at JPYThis Week CADJPY will move in this range. On Monday CADJPY will be bullish but it will shift to bearish when H4 takes turn pass the Simple Moving Average 5.
CADJPY View!!In the long-running battle between stocks and bonds, the latter is usually right when it comes to the economy. Given that oil and the yen are also flagging trouble, the signs are hard to ignore.
In early August, when US yields fell, it looked like a reaction to a flight-to-safety as some air came out of the AI trade and megacap tech stocks but when those rebounded, yields didn't. Now they've fallen even further and signal a hasty Fed rate cutting cycle. Now Powell may front-load rate cuts in an effort to stick a soft landing but that path is perilous.
CADJPY Will Fall! Short!
Take a look at our analysis for CADJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 107.379.
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 106.107 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Ride that Risk-on!Fundamentals & Sentiment
CAD:
Bullish oil inventory data yesterday. Generally ok US data (GDP, Claims, etc) today. Risk-on sentiment continuation from China stimulus.
JPY:
Bearish Internals, CFTC.
Technical & Other
Setup: TC(RTF)
Setup timeframe: 1h
Trigger: 15m
Medium term: Up
Long-term: Down
Min target: 3R
Risk: 0.27%
Risk R: 0.5R
Main risk: buying into DMA(50) at 107.40. If holds above, consider adding.
2024/09/26 - GSCADJPY M30 there is a GS forming.
Horizontal Support/Resistance, Diagonal Support/Resistance
Divergence
M30
GS
MCC
CADJPY short moveIf price should drop below our support level then i will be expecting more drop in price.
#CADJPY 1HCADJPY (Canadian Dollar / Japanese Yen)
Timeframe: 1-Hour (1H)
Pattern: Rising Wedge
A rising wedge pattern has emerged on the 1-hour chart of CADJPY. This bearish formation typically signals a potential reversal or a slowdown in the prevailing uptrend. The wedge is formed by converging trendlines, with higher highs and higher lows, indicating a weakening upward momentum.
The rising wedge pattern suggests that although the price is still moving higher, buyers are losing strength, and a breakout to the downside could be imminent.
Forecast: Sell
The current forecast favors a sell opportunity, as the rising wedge often leads to a bearish breakout. A breakdown below the lower trendline of the wedge would confirm the reversal and signal a potential decline in price.
Technical Outlook:
Resistance Level: The upper boundary of the wedge, where buyers may find it difficult to push the price higher.
Support Level: The lower boundary of the wedge, which, once broken, could trigger further downward movement.
Key Levels to Watch: A confirmed break below the wedge’s support level could accelerate selling pressure, leading to lower prices.
Traders should wait for confirmation through signals such as bearish candlestick patterns or volume increases on downward moves before entering short positions.
Keep an eye on market sentiment and relevant news, especially regarding oil prices (affecting CAD) or safe-haven demand for JPY, as these could influence price action in this pair.
CADJPY: Will Keep Falling! Here is Why:
Looking at the chart of CADJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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CADJPY in BULLISH TRENDLets drive the trend,there is no any divergence here on H1 and H4 timeframe.no any reversal pattern occur price action making simple HHs and HLs
CADJPY BUYThe 4 HTF has completely broken resistance indicating further bullish movement. For those waiting on buy entries i have drawn a couple scenarios.
CADJPY Waiting for price to test break of structure then will take buys provided the price action at that area shows bullish. Target shown on chart
CAD/JPY For Bullishyou can go long now
- price break current resistance at red arrow
- price has Gulfing Bullish H4 Candle
have fun :)
CADJPY Is Very Bearish! Short!
Here is our detailed technical review for CADJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 106.050.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 105.642 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.
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