Here is our detailed technical review for CADJPY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 110.317. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 110.600 level. P.S Please, note...
✅CAD_JPY is going down to retest a horizontal support around 110.200 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 110.600 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Friends! We are going long on the CAD/JPY with the target of 110.927 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
After false breakout above 111.00 level, Canadian dollar will weak and send CADJPY under 107.00 Trade safe. Good luck.
CAD-JPY retested the Broken rising support line And is now making a pullback So I think that it will go Even further down !
Hello Traders, here is the full analysis. The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity CADJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about...
cadjpy is looking for the bearish trend and 110.80 is looking good retest level and we can add our short position here if we talk about the weekly trend then weekly trend will be go down with strong Candlestick formation
The CADJPY has recently confirmed a bearish breakout from a rising wedge pattern. This breakout follows a prolonged period of strong bullish momentum. With this bearish setup confirmed, we anticipate a retracement in price. Furthermore, a significant supply level has formed at the peak, suggesting increased selling pressure may ensue.
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There's not much in the way of this move from what I can see. Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed. I'll be looking for sells around 115 with any LTF confirmation, but until then I'm...
Keep it simple, back to basics.... whatever you want to call it, this chart is saying everything we need to know. A series of LH and LL or a break of structure - either way the message is clear. You can go short right away, or on break of trendline or the s/r zone - depends on your trading style/risk tolerance. Being prepared for the unexpected is a good idea in...
As you can see, the price took the sell-side liquidity and had a bearish reaction, in addition, we can see the price created the bullish breaker block and FVG. Now, we can expect the price to move higher to collect the buy-side liquidity, for that, it may happen from here or retrace more to a bullish order block which formed on the 50% level Fibonacci. 💡Wait...
Hello,Friends! It makes sense for us to go long on CAD/JPY right now from the support line below with the target of 111.101 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
Preferred direction: SELL Comment: For the USDCAD currency pair, scenario №1 is already active, but we also do not forget about scenario №2 since there is a possibility that the American currency will strengthen in the short term. It should be noted that the Canadian currency , as well as metals, now has one of the strongest bullish power, that is,...
CAD/JPY is is trading close to a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 110.795 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 111.280 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level. Take profit is...
CADJPY / 1D 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.
💵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...