cadjpy for short *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
JPYCAD trade ideas
time for short*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
CADJPY LongGood afternoon traders! Welcome to a new trading week. After about a 3-week drop in #CADJPY, we've seen a nice bounce around the important 109.000 area. I'm long just under 109.200. Friday's price closed up above the 110.000 level and I'm expecting more upside this week. The close above 110.000 also provided me with a second buy entry. This week will be an important one for both #CAD and #JPY fundamentally as well.
Here's my 2hr chart. Have a great week everyone!
CADJPY - Bullish TrendCADJPY - Bullish Trend on the 1Hr Time Frame printing series of Higher Highs and Higher Lows.
CADJPY LONG CADJPY trade I took is different from the NZDUSD LONG I took earlier on. CADJPY is a continuation of a "proven" product over "years" as marked in the chart.
Whereas NZDUSD is trying to "revolutionise" the "industry" by reversing the trend from short to long.
CADJPY to me is a quickie as marked, I will take two orders both for 1R TP. The first order is strictly 1R TP or less and the second order might be a trailing stop order depending on how the market progresses.
1505SGT
18032024
CADJPY 4HHello Traders!
welcome back this month is the Holly month of Ramadan and Ramadan Karim
CADJPY is our focus of today because as I can see the chart it creates a nice setup and also I get from her here nice entry point so as usually I shared with you at least one live signal.
and we do high probability and let the market do its work.
Stay and follow with me to get nice setups and enjoy my analysis
Canadian Dollar vs. Japanese Yen: Hunting Down from the Top?OANDA:CADJPY
My analysis shows that the Canadian Dollar/Japanese Yen (CADJPY) pair is on the verge of an attractive pullback after its recent rally to the 111.490 range.
My prediction:
* The CADJPY currency pair is expected to fall below the 110,000 level in the short term.
* If this level is broken, we can see a further decline to the level of 108,000.
Note: This analysis is not considered as investment advice. Be sure to do your research and consult with a financial professional before making any transactions
CADJPY: Potential Bullish MomentumThe CADJPY pair is showing signs of potential bullish momentum as it continues to print higher highs and higher lows, indicating an upward trend in price movement.
CADJPY may rise further despite BOJ speculation of a rate hikeCADJPY may rise further despite BOJ speculation of a rate hike
Reuters report - The Bank of Japan (BoJ) is arranging to end the negative interest rate policy at the March 18-19 meeting, Reuters reported on Thursday, citing Japanese news agency Jiji.
"The central bank will make a final decision after reviewing the preliminary survey result on this year's spring wage negotiation by labor organization Rengo due on Friday," Jiji further reported.
My personal opinion:
As we have seen in the past, the BOJ is not consistent in its comments. They have lied to market participants several times. Despite this news, I don't think the BOJ will take further action to change their situation.
This reluctance could push the CADJPY back to the top despite the news coming out and the BOJ meeting next week.
Despite everything above the big trade remains on the downside because the XXXJPY pairs are still in overbought conditions and CADJPY may lose the bullish steam easily.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
CADJPY Is Very Bearish! Short!
Please, check our technical outlook for CADJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 110.270.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 109.791 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.
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CADJPY - Trend Reversal - Dow TheoryTrend has been reversed and CADJPY is printing higher highs and higher lows.
CAD/JPY H4 | Potential bullish breakoutCAD/JPY is rising towards a potential breakout level and could breakthrough this level to climb higher.
Buy entry is at 109.764 which is a potential breakout level (wait for the 1-hour candle to close above 109.764 for confirmation).
Stop loss is at 109.000 which is a level that lies underneath a pullback support.
Take profit is at 110.564 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.
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CAD-JPY Short From Resistance! Sell!
Hello,Traders!
CAD-JPY went up to retest
The horizontal resistance of 110.400
From where we are already seeing
A bearish reaction and
I think that the pair
Will go further down
Sell!
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Check out other forecasts below too!
CADJPY - H1 ANALYSISLast selling zoom failed due to take of Luquidity upside of our last hrend hifh, normaly trend is still strong bearish after analysing top down analysis we still finding good supply zoon at current price now we can sell it again after LFT confirmation SIGNAL we be entry confirm.
CADJPY - Bullish TrendCADJPY is making higher highs and higher lows, currently its in a bullish trend.
CADJPY SetupThis is my Setup for CADJPY. Market is bearish on 1 Hour time-frame but not yet reached our extreme POI to go Short from. This Setup is valid on 15 min time-frame to go LONG. If market mitigate our Area of Interest, look for LTF confirmation before executing any kind of trade. Whatever the Setup I share here are the probability zones but you have to look for LTF confirmations to avoid being trapped in. Thank You.
CADJPY - 4hrs ( sell Scalping Target Range 60 : 120 PIP ) 💵Pair Name CAD/JPY
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short ) Mid Term
Type : Mid Term Swing
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Bearish Retest
111.000 Area
Reasons
- Major Turn level
- VFixed Range poc
- Year High Area
- Pattern Retest
- inner Choch
Bullish Reversal
110.000 Area
Reasons
- Major Turn level
- Fixed Range Poc
- choch
- Fibo Golden
- Pattern Target
- Month Low Area
✅CAD_JPY POTENTIAL SHORT🔥
✅CAD_JPY is going up to retest a horizontal resistance of 110.400
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 109.800
SHORT🔥
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CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
CADJPY GIVEAWAYThank me later. Beyond Technical Analysis. CADJPY is currently bullish but bears will come in and state their case.
CADJPY BUYHello CADJPY!
Lets bank some profit!
I bought 1.50 lot
Strong signal and very good opportunity to go long!
Enjoy the ride!
