The CADJPY pair got a rejected yesterday near the 1D MA200 (orange trend-line), which hasn't been touched since November 30 2022. Since the March 24 Low the price has been trading within a Channel Up but the long term pattern is a Megaphone and yesterday's rejection took place on its top (Higher Highs trend-line). With the 1D MACD about to make a Bearish Cross,...
CADJPY is possibly correcting and might retest the 100 moving average, Fibonacci level of 61.8%, and the convergence of two local trends before resuming its downward movement. Share your thoughts in the comments and show support by liking the idea. For more ideas, follow me. Your support is appreciated!
We have a deal on the pound yen that is approaching a very strong supply area and approaching a head and shoulders formation
This is a great deal that brings a lot of money with little risk and with a simple analysis, look at the picture carefully and then take your deal
cad jpy price should go down from her to finish the correction i believe that should make anew down ster from here
Hi viewers, CADJPY in last periods strong bullish trend, price is bounce on zone, here expecting bullish push continuation TP1:101.100 (100) TP2:101.600 (150) TP2:102.100 (200)
Hey Traders, in the coming week we are monitoring CADJPY for a selling opportunity around 100.2 zone, CADJPY is in a correction phase in which it is approaching an important supply area of 102. I would also consider the trade for a potential JPY strength since the market is expecting some major changes in BoJ monetary policy. Trade safe, Joe.
CADJPY is trading inside a Channel Down pattern with the 1D technicals neutral (RSI = 51.739, MACD = -0.070, ADX = 39.994). Right noe the price is on the 1D MA50 and is bearish within the Channel Down targeting for its bottom (TP = 94.250). In spite of that, with a 1D RSI on HL and last time the price was on the 1D MA50 from a leg up, extending to the top of the...
keep longing it untill it breaks the trendline. if it breaks below I will give a new call ;)
Hey Traders, in the coming week we are monitoring CADJPY for a selling opportunity around 99.400 zone, CADJPY is trading in an uptrend and now seems to be in a correction phase in which extending pullbacks are approaching the major trend around 98.4 resistance zone. We would also consider potential JPY strength as there are expectations about major changes in BoJ...
Hey Traders, in tomorrow's trading session we are monitoring CADJPY for a selling opportunity around 95.600 zone, CADJPY was trading in an uptrend but with current classic safe havens strength CADJPY seems to breakout the trend and now seems to be retesting the trend so we will be watching a potential retest around 95.6 support and resistance zone. Trade safe, Joe.
seems like cadjpy finally getting ready for reversal forming ascending broadening wedge in 2days timeframe incase of breakout expecting 800 to 1000 pips bearish move wait for breakout to be confirmed for entry
The CADJPY pair broke below the January 19 Low and the Arc pattern is giving the same confirmed sell signal it gave on November 11 when this multi-month downtrend had started. Even though the downside may be quite significant if it imitates the whole November - December move (-14.22%), we will target 90.000, which is the top of the 1 year Support Zone, slightly...
Hey Traders, in today's trading session we are monitoring CADJPY for a selling opportunity around 96.6 zone, CADJPY is trading in a downtrend and now seems to be in a correction phase in which it approach the major trend around 96.5 Support and Resistance zone. i Expect JPY to continue outperforming commodities as JPY is considered a safe haven in such a risky...
Good Night :) GBPAUD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step,...
Hey Traders, JPY seems to be recovering. CADJPY was trading in an uptrend and successfully managed to break it out. now in a correction phase and we are watching a potential retrace of the trend line around 99 supply and demand zone. if it retraces properly i would expect 97.2 as it's considered the major next resistance and support zone. Trade safe, Joe.
Looking at the H4 chart, we are waiting to sell at 100.70 which is an overlap resistance, take profit will be at 97.76 which is an overlap support and stop loss will be at 101.95 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary,...