CADJPY get rejected from the resistance zone. Let me know what you think!
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...
After price broke structure to the downside with momentum, it formed liquidity at the bottom. It then retraced and formed liquidity at the top as well, just below an established supply that aligns with our golden zone. Price has just taken the top liquidity and mitigated our supply zone. It could now potentially begin to drop to take out the liquidity at the bottom as well
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...
CADJPY it at the top of a short term Falling Wedge pattern inside a larger Channel Up. The 1day MACD just formed a Bullish Cross. Every time the price has been on the 1day MA50 while the MACD formed a Bullish Cross, the pair traded inside a similar Falling Wedge pattern. A break out followed with the price hitting at least the previous High (Resistance A). Buy...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL 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...
Thinking we're starting to see JPY strength, this is because it can't stay so weak for so long imho. Weak currency suits Japan as an exporter, to a point, but massively affects it's buying power, I do feel like we're approaching the end of this cycle of Yen weakness, by the end of this year. I think this pair broke the rising trendline but has struggled to get...
Hello traders, The diagonal line worked and we can make profits from any reversal! Don't forget about money management.
Buy CADJPY Bullish Flag Bullish flag formation CDA/JPY -m15 Chart.. its good chance to buy today.. intraday Signals Thank you
Hey Traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 107.600 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 107.600 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring CADJPY for a buying opportunity around 109.800 zone, CADJPY is trading in an uptrend and currently is in a correction phase on which it is approaching the trend at 109.800 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 109.900 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 109.900 support and resistance area. Trade safe, Joe.
The CADJPY pair has been just below the 110.615 Resistance (September 13 2022 High) for the past 3 trading sessions. The long-term pattern is a Channel Up so the trend remains bullish until it breaks downwards. The 1D MA50 (blue trend-line) is firmly supporting. The current bullish wave doesn't differ much from the one that started on the March 24 Higher Low and...
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...
Due to the slowing down of the upward movement, the probability of returning from the red zone is very high. Oscillators confirm this idea to a large extent.
While NOK (Norwegian krone) has the strongest statistical relationship with Brent and WTI crude, we can see a strengthening correlation between crude and the CAD. We see the 1-month correlation between crude and CADJPY at 0.68, so it's meaningful. We also see (on the daily) price breaking out of the top of its recent range of 108.50. While many will be concerned...