As i have posted few jpy pairs analysis few days back for short similarly got the setup in CADJPY for short , seems jpy is about to give a solid upward momentum, which will drag all JPY cross pairs towards downside movements. so i am following to short the cadjpy pair at or above 108.30 level with the target of 104.20 level with a solid stoploss at 111.15 the...
CADJPY at Daily is Maybe Long with analysis price action and fibo
Overview CADJPY is showing signs of upside momentum weakening. Price may attempt a bearish move to the weekly range support around 95.00. The Details Fundamental Analysis The Bank of Canada (BOC) may be one of the first central banks (apart from the ECB) to cut interest rates. On the other hand, the Bank of Japan (BOJ) will likely start hiking rates in 2024....
Although the CADJPY is currently consolidation between a support & resistance zone. Am still bearish on sentiment looking a for a break below the key support after price rally to retest resistance zone. CAD INDEX on the other hand looks weak and JPYx been bullish signaling more strength on the JPY.
hello everyone, so far the jpy is performing well against all pairs.. price has reach monthly resistance, the month of Dec 2023 ended with a bearish monthly bar.. however, the candle in weekly is still indecision, we can't confirm at the moment the price is bearish or bullish this week.. so we still need to wait for more confirmation.... if bar closes below...
Scenario 1 Looking for BUY entries the moment price forms a bullish reversal pattern and rejects this 4H Support Scenario 2 Looking for SELL entries the moment price breaks through this 4H Support, retests it and forms a bearish confirmation pattern to indicate continuous selling pressure
CADJPY / 1W Hello traders, welcome back to another market breakdown. CADJPY has made a large leg down, which might result in a second leg down. The price is back to a Major key Level. I'm looking for a reversal pattern here. Trade safely, Trader Leo.
CADJPY is currently descending from the lower high area of the channel on the 4-hour timeframe chart. Additionally, there's a breakout on a minor bullish channel observed in the 1-hour timeframe. 📉 Expectations: Anticipate the pair to re-test key support levels, as highlighted in the attached chart. 📊 Trading Strategy: This trade is a long-term position,...
The market has breached below the support overlap, signaling a potential reversal towards the take-profit level. To take advantage of the increasing selling pressure, it is advisable to initiate a sell position at 106.996, aligning with the resistance overlap. Recognize the support level at 105.413 as a point for a potential pullback. Caution is advised when...
CAD/JPY is on an uptrend and could continue rising to the multi-swing-high resistance level Entry: 106.449 Why we like it: There is a pullback support level Stop Loss: 106.201 Why we like it: There is an overlap support that aligns closely with the 61.8% Fibonacci retracement level Take Profit: 108.134 Why we like it: There is a multi-swing-high resistance...
If you missed the chance to capitalize on the sell limit at 110.36 aligned with the Weekly Chart's Shark Pattern on CADJPY, amounting to a 306-pip move (~3,060 USD/lot), don't dwell on the past. Now, there's a fresh opportunity presenting itself on the 1-hourly chart – a Bearish Shark Pattern gearing up to complete around 108.01. To optimize this trading chance,...
Hello everyone. i want share my idea about CADJPY. We have some interesting forex pair at the chart. JPY was pretty bearish long time but what we see now we have some bullish moves at JPY index after big bearish move. for that i decide to try short most pairs versus JPY. At the pair with technique analysis we have some trend change moves, price action broke some...
CADJPY get rejected from the resistance zone. Let me know what you think!
CAD-JPY has almost reached The supply cluster of the Falling and horizontal levels So a move down is to be Expected towards the Target of 0.8728 !
Daily chart CADJPY is in a correction period. The main trend is still in an uptrend. It can be seen that the price tested the strong support zone 2 times at the level of 104.32, but the price was unable to break through. As long as the price can stay above 104.32, there is a chance that the price will test the 110.36 resistance level, consider buying. >>Thank you...
The CADJPY pair has been trading within a Fibonacci Channel Up since the March 2020 market bottom. The recent rejection on the 1.5 Fibonacci level back to the 0.5 show it test and hold an important Support, the 1W MA50 (blue trend-line), which has only broken once in 3 years (since November 2020) and that was during last year's inflation crisis. As long as it...
Price is rising to the buy entry at 107.282, an overlap resistance and could breakout and continue rising to the take profit level. Buy entry is at 107.282 which is an overlap resistance level. Stop loss is at 106.649 which is a level that sits below the pull back support. Take profit is at 108.174 which is an overlap resistance level. High Risk Investment...
We are in a good area to enter into purchases in this pair, we can enter the market in areas close to 107.075📈📈 success to all, visit my profile in Spanish to see the other operations✅ 😄📲 good ratio