BULLISH SENTIMENT! Price may buy from 114.850 level of price is offered once more! A buy opportunity ( by limit) is envisaged once price trades back to that level
JPYCAD trade ideas
113.273 AS A BUY BUY PRICE OFFER!!!!The Second quarter of the year is over! What’s that summary of price action so far?
Well… price remained bullish. JPY keep weakening.
In all, if price is offered at 113.273, a buy opportunity is expected to occur .
Keep a close watch
CADJPY is in bullish trendwith no divergence and making new HH the pair is retracing to some extent for a decent bullish phase
CADJPY: One More Bullish Yen Pair 🇨🇦🇯🇵
CADJPY looks very strong, after a test of a key support.
The price formed a double bottom pattern and broke its neckline.
With a high probability, the market will reach 115.0 level soon.
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CADJPY Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for CADJPY is below:
The price is coiling around a solid key level - 114.97
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 114.10
My Stop Loss - 115.51
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
CAD/JPY SHORT FROM RESISTANCE
Hello,Friends!
CAD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 111.438 area.
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CADJPY Buy signal initiated. Channel Up intact.The CADJPY pair extended the Channel Up flawlessly and hit our latest Target (April 02, see chart below):
The price is now breaking above the short-term Ascending Triangle, which within the long-term Channel Up has always issued a buy signal after the price approached the 0.382 Fibonacci retracement level. The immediate Target on both previous break-outs has bee the -0.382 Fib extension.
The 1D RSI is also posting that pre break-out consolidation. As a result we turn bullish again on this pair, targeting 116.500 (slightly below the -0.382 Fib).
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CADJPY LONGCADJPY has decided to be generous, and we appreciate the opportunity to make some money and pay our bills.
CADJPY-Breakout Sparks Upward Momentum: Wave (3)/(C) in FocusHello Traders,
Here is my analysis of CADJPY currency pair.
The pair was confined within a sideways price action channel, characteristic of the corrective wave phase. Subsequently, it has broken out of this channel.
What to Expect:
We anticipate further upward movement, progressing through the sub-waves of wave (3)/(C). The projected target for this upward wave is a minimum of 116.006.
These indicators suggest a strong potential for continued upward momentum. I will closely monitor the price action, as the breakout from the price channel has increased my confidence in the persistence of the upward trend.
What are your expectations on this pair?
CADJPY: Important Breakout 🇨🇦🇯🇵
CADJPY broke and closed above a key daily structure resistance.
It is an important sign of strength of the buyers.
Bullish rally will most likely continue.
Next goal - 115.8
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Updates - USD/JPY, GBP/USD, CAD/JPY, USD/CAD, NZD/USD & AUDUSDTrade analysis and update on the state of play of the following currency pairs: USD/JPY, GBP/USD, CAD/JPY, USD/CAD, NZD/USD & AUDUSD.
CADJPY nearing the key 61.8 Fibonacci levelIntraday Update: The CADJPY is nearing the key 115.10 resistance, despite the brief new trend high, the risk is a rejection of the 61.8% Fibonacci retracement just above.
CADJPY4hr zone currently being tested. Price broke out and tested trendline where a 4hr bullish candle formed. Target shown on chart
CADJPY - Bullish Trend ContinuationFX:CADJPY continues its bullish trend creating higher highs and higher lows. Expecting the bullish trend to continue!
CADJPY: Classic Bullish AccumulationCADJPY is currently experiencing an upward trend on a 4-hour chart. The price has created a pattern known as an ascending triangle, with 114.85 acting as a key resistance level.
I anticipate that the next significant movement will occur once the price breaks above the highlighted blue area. Confirmation of this breakout will come with a 4-hour candle closing above the area.
If this bullish breakout occurs, I expect the price to continue rising towards the 115.94 level.
