Pair Name : CAD/JPY
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
------
🗒 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 )
Type : Mid Term Swing
———————————
Bearish Reversal...
OANDA:CADJPY
The pair is immensely overbought, and amidst significant divergence, a new HIGH is being formed and the support is about to give way. This is the point from which the pair will begin its demise (in my opinion, of course), which will be largely fueled by the Yen. The trade is moderately risky as we have no means of knowing when and how the BoJ will...
OANDA:CADJPY on the background of global weakening of the yen forms a pre-breakdown setup against 112.26. The currency pair is preparing to strengthen.
On D1 the general trend is obvious. Buyers are not going to give up and continue to press the strong limit resistance at 112.26, formed by sellers. The trend is bullish and it may continue. Fundamentally, the...
I've been patiently waiting for the price to break out of this highest resistance zone. Now, the structure is much clearer than before with just sideways movement. My plan is to go long when the price retraces or pulls back into the resistance zone that has been broken out. Yes, it's an RBS Zone.
Breakout, Pullback, and Entry? Are you on board with this...
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the CADJPY pair which is likely to be pushed up by the bulls so we will buy!
❤️ Please, support our work with like & comment! ❤️
Hello Traders, here is the full analysis.
Price reversal going up, levels for BUY . CADJPY long
! 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 it, write in the comments. I...
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 112.77
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 112.16
About Used Indicators:
On the subsequent day,...
Here is our detailed technical review for CADJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 112.406.
Taking into consideration the structure & trend analysis, I believe that the market will reach 112.972 level soon.
P.S
Overbought describes a period...
✅CAD_JPY broke the key
Horizontal level of 112.300
And the breakout is confirmed
So I am bullish biased
And I will be expecting
A further move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
My dear subscribers,
CADJPY looks like it will make a good move, and here are the details:
The market is trading on 112.22 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 111.77
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as...
Hello,Traders!
CAD-JPY is trading in an
Uptrend and the pair
Just made a bullish
Breakout of the key horizontal
Level of 112.346 and the breakout
Is confirmed so we will be
Expecting a further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Hello,Friends!
CAD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 111.671...
Attention Traders,
In today's trading session, our attention is on CADJPY, with our focus directed towards a potential selling opportunity around the 112.400 zone. CADJPY is nearing a significant resistance line, marking the 112.400 supply zone.
Adding depth to our analysis, it's imperative to consider the fundamental landscape. The escalation of tensions in the...
💹 Let's dive into another forex currency pair for trading analysis.
🔍 The Japanese yen (JPY) continues to weaken against other major currencies such as EUR, USD, and GBP, including the Canadian dollar (CAD), losing its value.
🕰️ In the weekly timeframe, if the current candle closes similarly, we observe strong buying pressure, with last week's two red engulfing...
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CADJPY pair price action which suggests a high likelihood of a coming move down.
❤️ Please, support our work with like & comment! ❤️
CADJPY is just above the bullish barrier on its 1D technical outlook (RSI = 58.297, MACD = 0.230, ADX = 26.548) despite the fact that it is near the HH trendline of the Ascending Triangle and supported at the same time by the 1D MA50. Technically this calls for a decline and the minimum inside this pattern is the 1D MA200 (TP = 109.350). If it crosses over the HH...
Hello,Friends!
CAD/JPY is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level...
CAD/JPY could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 111.95 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 112.58 which is a level that sits above a pullback resistance.
Take profit is at 111.03 which is a pullback support that aligns...
