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...
Hey Traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 112.300 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 112.300 support and resistance area. Trade safe, Joe.
📈 CAD/JPY Review 📉 CAD/JPY saw a notable rise last week, reaching the previous week's high before encountering resistance, forming a compelling setup in lower time frames. 🚀📉 Target levels are clearly outlined on the chart, with focus shifting towards last week's low. 🎯 Overall, a promising opportunity seems to be brewing in the CAD/JPY pair. Keep a close eye for...
The CAD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Sell Entry: Consider entering a short position around the current price of 111.46, positioned close...
The CADJPY pair has been trading within a Fibonacci Channel Up since the March 2020 market bottom. The recent rejection on the 1.5 Fibonacci level back to the 0.5 show it test and hold an important Support, the 1W MA50 (blue trend-line), which has only broken once in 3 years (since November 2020) and that was during last year's inflation crisis. As long as it...
#CADJPY UPDATE Hello traders community. Hope you all are enjoying your trading journey. Today we are looking into the #CADJPY. CADJPY will go up according to the LTF. As it was going up and then formed a bullish peanut, A symbol of a possible continuation of trend. Also we had a clean down previously so CADJPY must had to touch the mentioned resistance...
The CADJPY pair is on a 1D MA50 (red trend-line) bounce, at the high ranges of the Fibonacci Channel Up that started on the March 2020 COVID crash bottom. The 1W RSI shows a Channel Down fractal on its second Lower Low rebound and the previous two such sequences delivered at least one more rally. As a result, we see a strong short term buy opportunity to target...
Buy CADJPY Bullish Flag Bullish flag formation CDA/JPY -m15 Chart.. its good chance to buy today.. intraday Signals Thank you
Sell CADJPY Channel Breakout Price breaks the Channel Pattern now, its good chance to sell Now, Thank you
CADJPY is on our radar at the moment. We currently appear to be in an ABC corrective wave and looking for wave C lower. On the lower timeframe we'll be looking for reversal patterns to indicate that wave B has completed and that we've started wave C. Trade Idea: - Watch for lower timeframe reversal patterns or trendline breaks - enter with stops above the...
Hey Traders. In today’s trading session we are monitoring CADJPY for a buying opportunity around 107.100 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 107.100 support and resistance area. Trade safe, Joe.
Hello There! Welcome to my analysis about CADJPY on the 6-hour timeframe perspectives. Within the recent times CADJPY is forming a important formation that is likely to convert into a major bearish breakout to emerge in the next upcoming times especially when huge bearish volumes move in here and accelerate the trend-turning-dynamics to the downside this is a...
The CADJPY pair is trading within a 5-month Channel Up pattern, exactly on its 1D MA50 (blue trend-line). We notice the formation of a Triangle within it, similar to April's. If the 1D candle closes below its Higher Lows trend-line, then we will sell targeting 104.250 (Support 1). If the price breaks above the Lower Highs, we will buy and target long-term the 2.0...
Hey Traders, in today’s trading session we are monitoring CADJPY for a buying opportunity around 106.900 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 106.900 support and resistance zone. Trade safe, Joe.
I'm looking to buy again, I don't think we've seen the top, we're still miles off an ATH. With JPY still weak, Oil strong (which gives CAD strength), and a bullish engulfing candle on the 4hr (and a pinbar almost complete) I think we've had a 50% retracement of the last impulse and now back up. It would be great for this 4hr candle to close above the previous...
CADJPY is trading within a Channel Up since the March 24 bottom. The price action maintained this bullish formation as not only did it recently made a Higher Low but from July 12 to July 18 all 1D candles successfully closed above the 1D MA50 (blue trend-line), something common since April 27. As long as this is taking place, we will stay bullish, targeting...
See Chart For Currency Performance YTD Gold biggest performer while JPY the weakest.
- Ascending triangle; looking for breakout above resistance level 102.95 - In line with overall bullish trend - Strong rejection at support zones - Indicators showing potential for bullish movement