Hey Traders! 👋 For Day 28/100 of our challenge, we will look at CADJPY for upside potential this week/month Technicals: - Stuck in bullish range 104.8-103.6 - Mostly a fundamental-driven trade - Engage in longs only when support above 104.8 is formed Fundamentals: - BoC surprise hike; regains status as hawkish CB - BoJ meeting this week not expecting any shift...
CADJPY hit today the top of the HH trendline that started the Channel Up at the start of the year. 1D is naturally on firm green level technically (RSI = 64.634, MACD = 1.030, ADX = 45.677) but the RSI has been trading on a flat Rectangle since May 18th. It is the same pattern that led to the February 18th High. Our trigger level to sell is the crossing under the...
Hey Traders, Check this analysis on CADJPY out. There are two possibilities that could play out, and the broken resistance will be the judge of that. A rebound from the the retest of the resistance means bullish trend and a break below followed by a simple retest means a harp sell off continuation. Watch out.
Hey Traders, Check this trade analysis out on CADJPY. A possible bullish run can be look for at any area of breakout of the symmetrical triangle. Watch out.
The CAD/JPY currency pair has been exhibiting sustained growth across various timeframes due to its significant correlation with USD/JPY. Notably, the USD/JPY pair has been experiencing a robust bullish trend, exerting downward pressure on the JPY and creating favorable conditions for the CAD to appreciate. A recent development of note is the price breakout of the...
- Ascending triangle; looking for breakout above resistance level 102.95 - In line with overall bullish trend - Strong rejection at support zones - Indicators showing potential for bullish movement
CADJPY is trading in a bullish trend on a daily. The price has formed an ascending triangle formation respecting 101.8 resistance. I believe that the next trend-following movement will initiate after a bullish breakout of the underlined blue area. Daily candle close above will confirm a violation. A bullish continuation will be expected to 103.0 level then. ...
SELL @ 101.500 Sl @ 102.160 Tp @ 0.98000 Expecting a reversal from JPY pairs See below for this week's setups
Weekly Forex Forecast (May 15 - May 19) CAD/JPY - H2 Chart - Wait for Triangle Breakout Need Price to break the Triangle is Good Chance to Sell Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for CADJPY. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
CAD/JPY - M30 Chart - Falling Wedge Pattern Signal No.6✳️✳️ Buy Cad/Jpy @ 99.33 Tp - 100.14 & 100.84 Sl - 98.70 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛
CSDJPY is on the rising Channel of its medium term Channel Up, rebounding on the 1D MA50. The 1D technicals are neutral (RSI = 53.031, MACD = 0.270, ADX = 28.072) and that always favors technically the dominant trend. So as long as the price is inside the rising Channel, our target will be the 1D MA200 (TP = 101.350). If a candle closes under the rising Channel...
The CADJPY pair got a rejected yesterday near the 1D MA200 (orange trend-line), which hasn't been touched since November 30 2022. Since the March 24 Low the price has been trading within a Channel Up but the long term pattern is a Megaphone and yesterday's rejection took place on its top (Higher Highs trend-line). With the 1D MACD about to make a Bearish Cross,...
CADJPY is possibly correcting and might retest the 100 moving average, Fibonacci level of 61.8%, and the convergence of two local trends before resuming its downward movement. Share your thoughts in the comments and show support by liking the idea. For more ideas, follow me. Your support is appreciated!
Signal No.3✳️✳️ Buy Cad/Jpy @ 98.00 Tp - 98.95 & 99.50 Sl - 97.60 Perfect Head & Shoulder Pattern in CDA/JPY, Good time to Buy Your feedback is incredibly valuable to me. If you have a moment, please leave a comment or like on my post.🧡🧡🧡🧡🧡
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