"There is a good selling opportunity for the CADJPY Please secure the deal after a forty-pip movement, meaning adjusting the stop-loss to the entry point."
- Using the 15-minute chart for CADJPY, the exchange rate has been ranging between 114.825 (resistance) and 114.191 (support). - The current exchange rate is around 114.400, following a rejection at the support level. - If the support level holds, there is a high probability that the exchange rate will move up towards the resistance. - If the resistance level...
If it tests D point, the idea would be to open short position for CADJPY, there is no major confluence of any divergence. Let's wait and watch how it plays out
Carry Trade continues CAD interest rate 5% Jappy 0.10% Jappy Yen the only game in town really where Hedge Funds Companies, Banks can Park their money as JPY is also very Liquid. Current Rates: Bank of Canada Interest Rate: 5% Bank of Japan Interest Rate: -0.10% Total Profit for 1 Day: $156.79 + $0.12 Int =$156.91 So, if you buy 1 lot of...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 a time-frame. - Price action is reversed off the Supply Zone - Targeting the other Demand Zone - Price action looks like it will retrace first before grinding up higher. Suggested Trade: Entry @ Area of Interest 113.70 - 114.20 SL @ 114.92 TP 1 @ 112.92 (Close Half-Position &...
Hello, we are in a good resistance zone and I think we are going down towards the big support zone. Good luck
114.214/114.244 must close & break above these two figures. 113.97 Small sl 133.75 Initial round number 110. That holds it will happen in a years time from today I expect big pumps in jpy pairs watch the space 500 cadjpy 700 usdjpy Gbpjpy still not sure but 239 maybe higher we'll see that one as we not sure on decision as yet due to missing 2019/2023 entries...
CADJPY Uptrend Trend Continuation Trade 1. Weekly Uptrend 2. Nice build-up of bullish momentum candles 3. Currency Strenght Meter confirmation 4. Trend Following Indicator confirmation 5. 2% Risk. 1:1 R:R 6. Stop Loss below candle's low 7. Overall counter-yen sentiment I came back to basics. Mastering trend following strategy on daily candles with R:R 1:1 and...
BUY CADJPY for uptrend continuation STOP LOSS : 111.81 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward...
Price just made a new high and has pulled into an order block
CAD/JPY is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 113.794 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 114.879 Why we like it: There is a pullback resistance...
Here is our detailed technical review for CADJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 112.872. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 109.055 level. P.S We...
#CADJPY UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about CADJPY. CADJPY is below the main resistance level after getting a good rejection here. Here in this move we can see gain upto 200Pips+. Keep in touch we will update further soon.
The current selling zone for the CAD/JPY currency pair is at 112.643. This indicates a strategic opportunity to capitalize on potential market movements. Setting take profit levels at 111.562, 111.053, and 110.500 allows for staggered exits, maximizing potential gains while mitigating risk. Meanwhile, placing a stop loss at 113.019 serves as a safeguard against...
Based on the current H4 charts for CAD/JPY, here is a bullish technical analysis: *Trend Analysis:* - The pair shows a tendency to move upward, indicated by the formation of higher lows and higher highs⁴. *Moving Averages:* - The price trending above the Ichimoku Cloud suggests a bullish sentiment⁴. *Bollinger Bands:* - The proximity to the upper Bollinger Band...
CADJPY has broken through and closed above a resistance line in a falling wedge pattern, following a test of an important horizontal range. A pullback is likely to occur next, with targets set at 113.36 and 114.02.
OVERALL GAME PLAN I am going to buy CAD/JPY - BUY 0.10 ANALYSIS IN MY FAVOR * The pair is at support level on the 4hr * Overall Trend is an up trend