Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
The CADJPY pair has been trading within a Bullish Megaphone as outlined by our last analysis almost two months ago: As you see the Fibonacci Channel helped to very efficiently identify the pressure points and the price moved exactly as per our trading strategy. As seen, it found support on the 1D MA50 (blue trend-line) and rebounded, imitating the pattern of...
- GBP FEATURE currently stands at 1.2608 LEVEL. Also the JPY FEATURE stays at 0.0077 LEVEL. GBPJPY PRICE is moving higher than DYNAMIC S / R LEVELS. So most of the time the PRICE can be a bit UP ahead. But the MARKET SENTIMENT must be POSITIVE if you want to BUY GBPJPY. - STOCKS are currently DOWN. And VIX is becoming DOWN. COMMODITIES OVERALL DOWN. Also...
- The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to follow market sentiment. CADJPY BUY NOT BE WITHOUT VIX DOWNING THE JAPANESE YEN is also slightly down. For these reasons, the CADJPY price may rise further. Today is the day of the CAD CENTRAL BANK DECISION. So you definitely have to pay attention to it. - CAD FEATURE currently stands at...
CAD-JPY is trading in a downtrend And the pair bounced off the falling resistance So I think that after the pair retests the resistance making me expect a move down Towards the target below
⛔️ There is no special INDICATOR for Canadian dollars today. Also, there is no special INDICATOR DATA for JPY. This is why CAD OIL PRICE and JPY MARKET SENTIMENT are FOLLOWED. ⛔️ The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to follow market sentiment. CADJPY BUY NOT BE WITHOUT VIX DOWN BY THE JAPANY YEN is also slightly up UP at the moment....
CAD-JPY was trading in a bear pennant pattern Now, we are seeing a bearish breakout And because I am bearish biased on the pair I think that we will see bearish continuation
- INDICATOR DATA CORE RETAIL SALES, RETAIL SALES are to be released today especially for the Canadian Dollar. There is no significant news release for the Japanese YEN today. Because of this, if there is any change in the price of oil for CAD, it could have an impact on the Canadian dollar. - The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to...
The CADJPY pair has made a parabolic rise since the March 08 low, which even exceeded our expectations based on our most recent trading idea: Even though the dominant pattern remains bullish on a Fibonacci Channel, the strength has changed and is now more aggressive. The price action is on the 1D time-frame to better depict the medium-term volatility but the...
CAD-JPY retested the support at From the descending and horizontal support levels 90.350 We are already seeing a bullish reaction I think the pair will now rise towards 91.65
#CADJPY Looking for Buy trade setup as I mentioned in the Chart.! If the market hits the first stop loss then there is a high chance that the market will move above the extreme demand zone. Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
CADJPY has been trading on a Fibonacci Channel ever since the March 2020 COVID fueled market bottom. The bullish trend that followed has been gradually making Higher Highs on the next Fibonacci extension. Currently the last two Highs have been on the Fib 2.0 extension. The Support Zone of this pattern is constructed by the 1D MA200 (orange trend-line) and the 1W...
According to my analysis this pair going bearish Symmetrical triangle chart pattern on 4 hour time frame
According to my analysis this currency pair is going down\ 1-Raising Wedge Chart Pattern 2-Divergence 3-Strong Resistance Key Levels
#CADJPY Hello trader, I hope are good and safe. Today I opened the chart of #CADJPY for 15 Min and analyzed it then I see that this chart has made a DOWN TREND, So I hope #CADJPY will go downside, Now Nice opportunity for short. If you have any query then leave a COMMENT, LIKE and FOLLOW. Keep Supporting And Thank You..
We expect the pair to fall slightly and then rise to its previous levels
Here is my entry SL: -30 TP OPEN Manage your leverage
We have a clear bearish trend and it will continue till 89.00 in my view therefore price may react to our area as if it goes above the previous high then it will invalidated the setup. Please wait for a clear conformation before jumping into taking trade.