JPYCAD trade ideas
CADJPY shortLooking at a level on CADJPY. Possible short around a 4hr 61.8% retracement and downtrend line with RSI divergence.
For the longer term position I'd like to see the recent low and counter trendline broken to confirm the reversal of the counter trend, also accompanied by volume profiles printing lower POC's.
Current daily profiles aren't providing too much in the way of a reversal other than a previous b shape and a double distribution on yesterdays profile. This double distribution could provide us with a shorter term, possibly intra day short target, as seen in the screenshot.
JPY - The BoJ currently have a 71% probability of a rate hike in their May meeting with inflation holding above their target rate although they have stated they will be cautious adjusting their monetary policy amid global trade risks. Their labour market remains fairly strong with low unemployment and a high level of job openings
CAD - The BoC has cut rates at a much faster pace than other central banks, 7 cut from the high of 5% to the current rate of 2.75%. In their recent policy statement however, they have stated they'll take a more cautious approach going forward as their YoY CPI increased from 1.9% to 2.6%, the highest level in 8 months. A weaker reading in upcoming inflation and/or employment metrics would help to tilt the scales more in favour of a dovish BoC.
Potential risks - Continuing rise in oil prices might prop up the CAD and risks around Trumps tariffs could push back on central banks to make an definitive moves in upcoming rate decisions.
CADJPY: Intraday Bearish Reversal?! 🇨🇦🇯🇵
There is a high chance that CADJPY will retraced from the
underlined blue resistance.
I see strong bearish confirmation on an hourly time frame:
a formation of a bearish imbalance and a change of character.
I expect a bearish move to 105.05
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CAD/JPY: Bullish Structure Holds with Breakout PotentialThe CAD/JPY market continues to show bullish strength, forming a clear sequence of higher highs and higher lows. On the daily timeframe, an inside bar pattern has emerged, indicating a period of consolidation that may lead to a bullish continuation, especially with the candle closing above the 105.000 level.
At the moment, the price is testing Monday’s high, and a breakout above this point could trigger further upside. The market may form a range around the current level before continuing its move higher from the previous week’s high and the upward trendline. The next target is the resistance zone around 106.300
Lingrid | CADJPY anticipating UPWARD Continuation after PullbackThe price perfectly fulfilled my previous idea . It hit the target. FX:CADJPY market is showing bullish dominance, by the formation of higher highs and higher lows. On the daily timeframe, an inside bar pattern has formed, suggesting a potential consolidation followed by a continuation move since it closed above the 105.000 level. Currently, the price is testing the Monday high, and if it breaks above this level, we can anticipate further upward movement. I expect the price to establish a range around this level before advancing to higher levels from the previous week high and upward trendline. My goal is the resistance zone around 106.300
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Elliott Wave View: CADJPY Looking to Rally in 7 Swing WXY StructShort Term Elliott Wave view in CADJPY suggests pair ended cycle from 11.20.2024 high in wave (W) at 101.35 as the 1 hour chart below shows. Pair is looking to correct cycle from 11.20.2024 high within wave (X). Internal subdivision of wave (X) is unfolding as a double three Elliott Wave structure. Up from wave (W), wave ((a)) ended at 103.64 and pullback in wave ((b)) ended at 102.02. Wave ((c)) higher ended at 105.029 which completed wave W in higher degree.
Down from there, wave ((a)) ended at 104.16 and wave ((b)) rally ended at 104.92. Wave ((c)) lower ended at 103.13 which completed wave X in higher degree. The pair resumes higher in wave Y with subdivision as a double three structure. Up from wave X, wave ((w)) ended at 105.49. Pullback in wave ((x)) is in progress to correct cycle from 3.20.2025 low before it resumes higher. Near term, as far as pivot at 101.35 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside. Potential target for wave Y higher is 100% – 161.8% Fibonacci extension of wave W. This area comes at 106.75 – 109 area where sellers may appear for further downside.
Bearish drop?CAD.JPY has reacted off the pivot which has been identified as an overlap resistance and could fall to the overlap support.
Pivot: 105.30
1st Support: 103.56
1st Resistance: 106.09
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CAD JPY Trade Setup 1 hour timeframe CAD JPY Trade Setup 1 hour timeframe
Following last week's trade setup CAD JPY is moving in an uptrend making Higher Highs and Higher Lows, so we will keep looking for Buying opportunities.
CAD JPY is forming a bullish break and retest continuation pattern that also align with the 0.618-0.50 Fib Retracement level.
Lets wait for the price to pull back to the retest level then enter base off candlestick confirmation
CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the CAD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 104.075.
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CAD_JPY POTENTIAL LONG|
✅CAD_JPY made a bullish
Breakout of the key horizontal
Level of 104.800 and the breakout
Is confirmed which reinforces our
Bullish bias and makes us expect
A further move up after the
Retest of the new support
LONG🚀
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CAD/JPY Giving Amazing Bullish P.A , Don`t Miss This Long Setup This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CAD-JPY Bullish Breakout! Buy!
Hello,Traders!
CAD-JPY is trading in a
Local uptrend and the pair
Made a nice bullish breakout
Of the key horizontal level
Of 104.829 which is now
A support and the breakout
Is confirmed so we are
Locally bullish biased and
We will be expecting a
Further bullish move up
Buy!
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CADJPY: Short Signal Explained
CADJPY
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short CADJPY
Entry - 105.05
Sl - 105.73
Tp - 103.81
Our Risk - 1%
Start protection of your profits from lower levels
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CADJPY Analysis For A SELL Idea!!!!CADJPY - 4H Chart Sell Analysis
Market Structure
• The overall structure is bearish, with price forming lower highs and lower lows.
• Price attempted to rally but failed to break above 105.000, a major supply zone and previous support turned resistance.
• The most recent push above the highs appears to be a liquidity grab, followed by a strong rejection.
Supply & Resistance Zones
• Price reacted strongly to a key supply zone around 104.500 - 105.000.
• Multiple rejections and wicks in this zone suggest heavy selling interest.
• A fake breakout (bull trap) is visible, where buyers got trapped above resistance before a bearish move resumed.
Price Action Confirmation
• The bearish engulfing candle after the liquidity grab suggests a potential shift in momentum.
• Price broke below a minor support level and is currently retesting it, aligning with a lower high formation.
• The 50 EMA (blue line) is acting as dynamic resistance, further supporting the bearish bias.
Target Zones
• First target: 103.000 – a key intraday support and minor demand zone.
• Main target: 102.000 - 101.800 – a strong demand area and previous low where price may look to rebalance and tap liquidity.
Trade Setup
• Entry: Around 104.000 - 104.100 after a confirmed retest of broken support.
• Stop Loss: Above 104.500 - 104.700, outside the recent supply zone.
• Take Profit: Partial at 103.000, final TP at 102.000.
Confluences
1. Bearish trend continuation.
2. Liquidity grab above previous highs (105.000 area).
3. Rejection from major supply zone.
4. EMA resistance and structural confirmation of lower high.
Final Outlook
• If price stays below 104.300, sellers likely maintain control.
• A clean break below 103.500 will confirm further downside.
• A move and close above 105.000 would invalidate this sell setup.
CADJPY: Bearish Outlook as BOJ Stays HawkishHey Realistic Traders! BOJ’s Hawkish Stance, Will OANDA:CADJPY Turn More Bearish? Let’s Dive into the Analysis...
Technical analysis
On the H4 timeframe, CAD/JPY has repeatedly tested the 200 EMA but struggled to stay above it for long, indicating a strong bearish trend. Even the latest price correction failed to break above the 0.5 Fibonacci retracement level. Afterward, the price formed a bearish rising wedge pattern, followed by a breakout. The MACD indicator also signaled a bearish crossover, reinforcing the likelihood of further downside.
Looking ahead, CAD/JPY could drop toward the first target at 101.505 and, if selling pressure persists, potentially reach the second target at 100.159. These levels align with previous price movements and key historical support zones.
However, this bearish outlook remains valid only if the price stays below the key stop-loss level at 105.133.
Market Sentiments
Japan’s Bank of Japan (BOJ) is keeping its short-term interest rate steady at 0.5% while monitoring domestic wage growth and rising food prices. If inflation continues to rise, the BOJ may increase rates, potentially to 0.75% or higher, which could strengthen the yen and potentially make the CADJPY going lower.
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Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CAD/JPY"