CADJPY on the 4h chart is trading at the recent highs. The market after a few test of the top started a range trading and bounced on the lower support for a test of the 0,382 fibonacci level. How can i approach this scenario? I will wait for a potential break of the structure and if the price will satisfy the Plancton's strategy i will set a nice short order...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (105.56). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (105.56). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts...
This signal is seen in 1 hours. As you know, the signal is not suitable for people who want to finish the transaction quickly.
CAD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE The CAD has enjoyed far more upside in the past few weeks than we anticipated. We’ve been cautious on the currency given Canada’s dependency on the US (>70% of exports) where the clear signs of a faster than expected slowdown and possible recession should deteriorate the growth outlook for Canada. Apart from that,...
CAD FUNDAMENTAL OUTLOOK: NEUTRAL The CAD has enjoyed far more upside in the past few weeks than we anticipated. We’ve been cautious on the currency given Canada’s dependency on the US (>70% of exports) where the clear signs of a faster than expected slowdown in the US should have deteriorated the growth outlook for Canada. Apart from that, the risks to the...
The CADJPY pair has been trading within a Bullish Megaphone as outlined by our last analysis almost two months ago: As you see the Fibonacci Channel helped to very efficiently identify the pressure points and the price moved exactly as per our trading strategy. As seen, it found support on the 1D MA50 (blue trend-line) and rebounded, imitating the pattern of...
FX:CADJPY Dont Forget Money Management ! Dont Forget Risk Free ! A little High Risk !
overbought in many time frame + rsi divergence + on monthly resistance around 105.05-105.35 also usdjpy is on resitance at 20 years high when it will reach target i will put my Sl around 104.60 and let continue till it down asjusting Sl every 15 pips
CJ is highly correlated to oil price due to Oil being a top export from Canada whilst In Japan it is a top import, what we are seeing on the monthly chart is signs of strong rally, we have inside bar giving us a TP1, and if we see continued Oil price rallies, we could expect CJ to grow higher and higher.
Hey traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 106.100 zone, once we will receive any bullish confirmation the trace will be executed.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (100.94). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (100.94). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts...
CAD FUNDAMENTAL BIAS: NEUTRAL 1. Monetary Policy The BoC delivered on expectations with a 50bsp hike as well as announcing a start to passive QT from the end of April by ending its reinvestment of maturing bonds. The bank upgraded both inflation and growth estimates as markets were expecting but did play a hawkish card by also increasing their neutral rate...
CADJPY looking to rise higher on CAD beating its GDP anticipations and JPY losing value on the Bank of Japans policy changes that have been spoke about. Technicals reflecting fundamentals well looking to even higher on this pair as marked
-INTRODUCTION- CADJPY has been moving within a wide bullish flag channel after the price has reached a new yearly high at the 103.00 level. This new high has not been retested and we expect the price to eventually rise to reach the high again. Today, the price has broken its bearish flag channel with a strong bullish momentum. Therefore, we will look to enter buy...
CAD FUNDAMENTAL BIAS: NEUTRAL 1. Monetary Policy The BoC delivered on expectations with a 50bsp hike as well as announcing a start to passive QT from the end of April by ending its reinvestment of maturing bonds. The bank upgraded both inflation and growth estimates as markets were expecting but did play a hawkish card by also increasing their neutral rate...
CAD FUNDAMENTAL BIAS: NEUTRAL 1. Monetary Policy The BoC delivered on expectations with a 50bsp hike as well as announcing a start to passive QT from the end of April by ending its reinvestment of maturing bonds. The bank upgraded both inflation and growth estimates as markets were expecting but did play a hawkish card by also increasing their neutral rate...