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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

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
Short
by ForexCSP
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❤️
by KlejdiCuni
1
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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
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. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
CADJPY - 4hrs ( sell Scalping Target Range 60 : 120 PIP ) 💵Pair Name CAD/JPY Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 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 —————————— 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
Short
by GoldenEngine
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 :-)
Short
by ShahedZare