Price has broken a major high on the 1 hour. Then price made a new high which was our indication that price can go higher. Ater a new high is made we know that a pullback is needed which can either make a new low or make a higher low. In this case we have a higher low which means that we can expect a return to our new high. Seeing that the bulls are in control of...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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 - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG. - The reason for that is because the Central Bank of Japan did not intervene in the long term to strengthen the JPY, they are...
The CADJPY pair broke below the January 19 Low and the Arc pattern is giving the same confirmed sell signal it gave on November 11 when this multi-month downtrend had started. Even though the downside may be quite significant if it imitates the whole November - December move (-14.22%), we will target 90.000, which is the top of the 1 year Support Zone, slightly...
in CADJPY, I am short because there is POI available in the market and i am expecting an up move before down move.
#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG. The reason for that is because the Bank of Japan did not intervene in the long term to strengthen the JPY, they are...
#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG. The reason for that is because the Bank of Japan did not intervene in the long term to strengthen the JPY, they are...
As long as the CAD/JPY parity stays above 95.70, I think it can see 99.55, then 101.60 and 105.00 levels.
The CADJPY pair has gone a long way since we caught the perfect sell at the top on our September 20 2022 idea as it hit our 1W MA50 target: The price broke even lower and touched the bottom of the Channel and the Higher Lows trend-line that started on the March 09 2020 Low, and has since been rebounding. As we mentioned on our last analysis, we can expect a...
CADJPY has given breakout from Ascending Triangle pattern as show in chart. According to chart pattern analysis we might see upside in cadjpy towards the resistance level. trade with stop loss and own capital risk management. views / opinions are welcome to discuss.
CAD-JPY broke a key horizontal level and rising support line Then went up to retest it And now we are already seeing A bearish reaction so I am bearish biased And I think that the pair will go down
CADJPY Technical Analysis and Trade Setup, i am short for long run as the price just breakout the trendline and now is about to retest the trendline.
#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last...
The CADJPY pair continues to follow our trading plan presented on September 20, as it repeats the fractal of late 2021 - early 2022: As you see, the MACD Bearish Cross was the correct sell signal we needed and the price hit the 0.618 Fibonacci target and rebounded. Right now it appears that the price has entered a consolidation phase similar to the post...
The CADJPY pair has been on a (very) long-term rising trend as depicted by the Fibonacci Channel on this chart, since the March 2020 market low. At the moment we see a short-term pull-back after the price made a new Higher High since the April 21 one. Based both on the RSI and MACD indicators, it appears that we are in a similar pull-back leg as the one that...
The CADJPY pair has broken below the 1D MA50 (blue trend-line) on July 29 and has stayed below it since then, being unable to made a break-out and return to the bullish trend of the past year. The longer it fails to do so, the more selling accumulation we will see. In fact both in terms of RSI and MACD, this resembles the sequence of June - September 2021, where...
The CADJPY pair has been consolidating within a Triangle pattern since the June 08 High and basically supported by the 1D MA50 (blue trend-line) since early March. The 1W MACD is close to a Bearish Cross and with the 1D RSI practically neutral, the pattern draws similarities with the peak formation of June 2021. That sequence eventually broke below and turned the...