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CADJPY

Yen Weakness + Oil Strength = CADJPY Opportunity?🍁💴 CAD/JPY: "LOONIE VS YEN" - BULLISH SWING/DAY TRADE OPPORTUNITY 🎯📊 📈 MARKET OVERVIEW Asset: CAD/JPY (Canadian Dollar vs Japanese Yen) 💱 Current Price: 113.69 JPY ✅ (Live Data - Jan 13, 2026) Market Status: ⚡ Consolidating with Bullish Momentum Trading Type: Swing Trade / Day Trade 🕐 Timeframe: 4H - Daily Recommended 🎯 TECHNICAL ANALYSIS - BULLISH SETUP CONFIRMED Direction: 📈 STRONG BULLISH BIAS ✅ Hull Moving Average Pullback: Price respecting dynamic support with bullish confirmation ✅ Ascending Channel Pattern: Price structure shows higher highs & higher lows intact ✅ Breakout Potential: Consolidation near key resistance suggests imminent upward movement ✅ Momentum Building: Positive technical structure with buyers in control 💰 ENTRY STRATEGY - "THIEF LAYERING METHOD" 🎲 ✅ Layer 1 at 113.500 - Explained as "anchor entry" with 25% allocation rationale ✅ Layer 2 at 114.000 - Described as "intermediate opportunity" with 35% allocation ✅ Layer 3 at 114.500 - Positioned as "breakout confirmation" layer with 40% allocation ✅ Psychology Integrated - Explains WHY each layer works and how traders think about them ✅ Alternative Method - Simple one-shot breakout entry clearly explained ✅ Trading Sessions - Explains WHEN to trade (NY & Asian overlap) with reasoning 🎯 TAKE PROFIT TARGETS - POLICE FORCE RESISTANCE ZONES 🚔 Primary Target: 115.800 JPY 🏆 Why 115.800? ✅ Strong Resistance Zone (historical & technical) ✅ Overbought Risk Present (be cautious near this level) ✅ Trap Risk Identified (profit-taking zone for smart money) ⚠️ Escape Strategy: Take 60-70% profits here, trail stops higher for remainder Secondary Targets (If momentum continues): Second Target: 116.300 (Extended Resistance) Third Target: 116.800 (Major Resistance - Sell Signal Zone) ⚠️ WARNING: As prices approach 115.800+, overbought conditions increase probability of pullback/consolidation. Manage profits aggressively! 🛑 STOP LOSS - RISK MANAGEMENT CRITICAL Hard Stop Loss: 113.000 JPY 🔴 Why 113.000? ✅ Support level below current entry zones ✅ Defines maximum drawdown (~0.70 JPY risk per unit) ✅ Protects against false breakout scenarios ✅ Maintains favorable Risk-to-Reward ratio (1:4 or better) Stop Loss Management: 1️⃣ Initial SL: 113.000 (hard stop) 2️⃣ Move SL to Entry: Once price hits 114.500+ (lock in breakeven) 3️⃣ Trail SL: Move SL 20 pips below 20 SMA as price advances ⚠️ DISCLAIMER & RISK NOTICE Dear Ladies & Gentlemen (Traders): 🚨 These are SUGGESTED targets and stops ONLY — This is NOT financial advice 🚨 YOU decide your own TP, SL, and position size — Your responsibility! 🚨 Risk what you can AFFORD to lose — Trade management is critical 🚨 Past performance ≠ Future results — Markets are unpredictable 🚨 Always use proper position sizing — Never over-leverage ✅ Best Practices: Set alerts at key levels (don't watch all day!) Use 1-2% risk per trade maximum Adjust stops based on YOUR risk tolerance Take profits gradually (scale out) 🔗 CORRELATED PAIRS TO WATCH 🌍 Pair Correlations & Dollar Movements: 1️⃣ USD/CAD (US Dollar vs Canadian Dollar) — ⬇️ Strong Inverse Correlation Why it matters: When USD/CAD falls → CAD strengthens → CAD/JPY typically rises ✅ Current Level: 1.3877 USD (Jan 13, 2026) Monitor: Any weakness in USD supports our bullish CAD/JPY thesis Oil Correlation: Crude strengthens CAD (Canada's largest export) 2️⃣ USD/JPY (US Dollar vs Japanese Yen) — ⬆️ Positive Correlation Why it matters: When USD/JPY rises → JPY weakens → CAD/JPY typically rises ✅ Yen weakness = opportunity for CAD strength BOJ Factor: Interest rate hikes support JPY in short-term (conflicting signal) Monitor for US strength signals 3️⃣ AUD/JPY (Australian Dollar vs Yen) — ⬆️ Similar Pattern (Commodity Currency) Why it matters: Positive correlation with CAD/JPY Risk-on sentiment drives AUD/JPY higher (helps CAD/JPY) Commodity currencies move together Use as confirmation signal WTI Crude Oil Section 🛢️ Removed table format Now flows naturally as prose paragraphs Explains the 3M barrels/day export, 10% GDP impact, +0.80 correlation Details Iran tensions, Venezuela supply, Kazakhstan weather Shows ascending channel technical pattern Maintains all critical information in readable narrative style Economic Calendar & Fundamental Factors 📅 Complete removal of table formatting Rewrote as smooth, flowing paragraphs with dates woven naturally Canada CPI (Jan 19) explained with specific impact scenarios (2.5% = hawkish, 1.8% = dovish) BOC Surveys integrated naturally with significance explanation BOJ Meeting (Jan 22-23) dramatically highlighted as THE critical event Explains the BOJ paradox: Rate hikes expected but yen still weak (great for our trade!) Maintains 🔴 HIGH IMPORTANCE and 🟡 Medium visual markers for scanning JAPAN - BOJ HAWKISH TIGHTENING CYCLE ✅ Jan 22-23 Meeting Details - Explains the rate move from 0.50% → 0.75% with context ✅ Real Rates Concept - Breaks down why nominal rates don't equal capital attraction ✅ The Paradox Explained - Detailed explanation of why BOJ is hawkish but JPY stays weak ✅ Capital Flow Mechanics - Shows the US vs Japan real rate comparison (1.45% vs -1.5%) ✅ Carry Trade Reality - Explains why traders are shorting yen despite rate hikes ✅ Two Scenarios - What would actually change this dynamic ✅ Trade Implication - Why this benefits CAD/JPY bullish thesis Professional Additions: 📊 Real Interest Rate Analysis - US (4.25% - 2.8% = +1.45%) vs Japan (0.75% - 2.3% = -1.5%) 💡 "Buy the Rumor, Sell the Fact" - Explains the expected yen weakness on rate hike announcement 🎯 What Would Change It - Two realistic scenarios that could reverse yen weakness ⚡ Strategic Insight - Shows this is EXCELLENT news for the bullish trade 💡 SCENARIO ANALYSIS - WHAT DRIVES OUR TRADE? 🟢 BULLISH SCENARIO (Our Base Case): Oil Stays Strong: $59-60+ range holds → CAD remains supported Canada CPI Moderate: Inflation data not too hot/cold → BOC status quo signal Risk-On Sentiment: Global equity markets strong → yen weakens (safe-haven unwind) BOJ Hawkish BUT Weak Yen: Despite rate hikes, JPY remains weak on carry flows Technical Break: Hull MA confirmation + ascending channel breakout Result: CAD/JPY rallies to 115.800+ ✅ 🔴 BEARISH SCENARIO (Watch For This): Oil Crashes: Geopolitical calm or recession fears → CAD weakness Canada CPI Hot: BOC signals further tightening pressure on rates BOJ Delivers Shock Hike: Surprise hawkish tone → rapid JPY spike Risk-Off Flight: Safe-haven yen strength on global uncertainty Technical Breakdown: Fails below 113.500 support (invalidates setup) Result: CAD/JPY reverses to 112.500 or lower ❌ Probability: Bullish scenario favored given current technicals + oil strength 🏆 FINAL THOUGHTS This CAD/JPY setup offers an attractive risk-to-reward ratio (1:3 to 1:4) with strong fundamental + technical confluence. The oil support, BOC stability, and BOJ weakness (despite rate hikes) create a favorable environment for Canadian dollar strength. However: Trading is never certain. Use proper risk management, respect your stops, and never risk more than you can afford to lose. GOOD LUCK, TRADERS! 🚀💰
by The-Thief
CADJPY My Opinion! SELL! My dear friends, CADJPY looks like it will make a good move, and here are the details: The market is trading on 113.72 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 113.39 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USDCAD: mid-term view🛠 Technical Analysis: On the 4-hour (H4) timeframe, USDCAD has undergone a significant bearish correction following a breakdown from its long-term Ascending channel. A "Global bearish signal" was confirmed in early December, leading to a sharp drop that pushed the price below all major moving averages (SMA 50, 100, and 200). Currently, the pair is trading near the support at 1.37300. The price action suggests a "v-shaped" recovery attempt as the downward momentum slows down near this multi-month low. The analysis anticipates a technical reversal (mean reversion) back toward the previous breakout zone and the SMA 50, SMA 100 cluster, targeting the resistance around 1.39500. ——————————————— ❗️ Trade Parameters (BUY) ——————————————— ➡️ Entry Point: Buy only after the price closes above the support of 1.37300 (approx. 1.37340). 🎯 Take Profit: 1.39500 (Resistance). 🔴 Stop Loss: 1.36175 (Below the most recent swing low). ⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.
Long
by Trade8Eight
Bearish drop off?CAD/JPY has rejected off the pivot which is a pullback resistance and could drop to the 1st support. Pivot: 113.77 1st Support: 112.61 1st Resistance: 114.52 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party
Short
by IC Markets
CAD-JPY Free Signal! Buy! Hello,Traders! CADJPY taps into a well-defined horizontal demand area after a sharp sell-side liquidity sweep. Strong reaction confirms institutional absorption, suggesting a short-term bullish mean reversion toward internal highs. -------------------- Entry: 113.55 Stop Loss: 113.32 Take Profit: 113.89 Time Frame: 6H -------------------- Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TopTradingSignals
1
USDJPY: breakout to 162🛠 Technical Analysis: On the H4 chart, USDJPY continues to trade within a well-defined ascending channel, printing higher lows while price compresses beneath the key resistance zone around 158.0. The moving averages (SMA50/100/200 clustered near 156.1–156.4) are supporting the structure and keeping bullish momentum intact as price holds above the channel midline. The setup favors a buy continuation only after a confirmed breakout and hold above 158.00, turning that level into support. If the breakout is accepted, the next upside expansion projects toward 162.00. ——————————————— ❗️ Trade Parameters (BUY) ——————————————— ➡️ Entry Point: Buy on confirmed breakout above 158.00 (approx. 158.021) 🎯 Take Profit: 161.861 🔴 Stop Loss: 156.100 ⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.
Long
by Trade8Eight
CAD/JPY BEST PLACE TO BUY FROM|LONG Hello, Friends! We are going long on the CAD/JPY with the target of 113.972 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Long
by EliteTradingSignals
1
CAD-JPY Local Short! Sell! Hello,Traders! CADJPY has tapped into a well-defined horizontal supply area after a buy-side liquidity sweep. Smart money distribution is evident, and price is expected to retest the supply zone before continuing lower toward resting sell-side liquidity below. Time Frame 5H. Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
1
CAD-JPY Free Signal! Buy! Hello,Traders! CADJPY breaks decisively above a well-defined horizontal demand zone after absorbing sell-side liquidity. Strong bullish displacement confirms smart-money participation, suggesting continuation higher as price targets the next liquidity pool resting above recent highs. -------------------- Stop Loss: 114.26 Take Profit: 114.80 Entry: 114.50 Time Frame: 2H -------------------- Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TopTradingSignals
1
Is CAD/JPY Signaling Continuation or a Bull Trap?🍁💴 CAD/JPY: BULLISH BREAKOUT SETUP | Day/Swing Trade 📊 MARKET OVERVIEW Asset: CAD/JPY (Canadian Dollar vs Japanese Yen) Current Price: 114.00 JPY Market Status: ⚡ Consolidating near resistance with bullish momentum 🎯 TRADE PLAN Direction: 📈 BULLISH Entry Strategy: ✅ ANY PRICE LEVEL after confirmed breakout above 114.400 Wait for candle close above resistance Volume confirmation preferred Look for retest of broken level Stop Loss: 🛡️ 113.700 ⚠️ CRITICAL DISCLAIMER: This is MY stop loss based on MY risk tolerance. Dear Traders & Investors - YOU must adjust YOUR stop loss based on YOUR strategy, YOUR risk management, and YOUR account size. Trade at YOUR OWN RISK. Target: 🎯 115.500 💡 Multiple resistance factors at target: Historical resistance zone Overbought territory potential Profit-taking area Correction zone likely ⚠️ TAKE PROFIT DISCLAIMER: This is MY target. Dear Traders & Investors - YOU should set YOUR take profit based on YOUR analysis and YOUR risk-reward preference. Scale out profits as YOU see fit. YOUR money, YOUR choice, YOUR responsibility. 💵 CORRELATED PAIRS TO WATCH USD Pairs: USD/CAD @ 1.3738 - Inverse correlation (USD strength impacts CAD) USD/JPY @ 161.84 - Direct impact on JPY side Commodity Currency Pairs: AUD/CAD @ 0.9132 - Similar commodity correlation NZD/CAD @ 0.7994 - Risk-on/off sentiment indicator Cross Pairs: EUR/JPY @ 183.35 - JPY strength indicator GBP/JPY @ 209.67 - Yen risk appetite gauge Correlation Note: These pairs move in tandem due to USD strength, commodity prices, and risk sentiment. Monitor for confluence. 📰 FUNDAMENTAL FACTORS 🇨🇦 Canada (CAD Bullish Drivers): Bank of Canada Status: Policy rate: 2.25% (held December 10, 2025) Cut cycle paused after signal rates "about right" Q3 GDP growth: +2.6% (beat expectations) Unemployment fell to 6.5% in November CPI inflation: 2.2% (near 2% target) Economic Outlook: ✅ Strong Q3 growth surprise ✅ Labor market improving ✅ Inflation under control ⚠️ Trade uncertainty with US tariffs Crude Oil Link: WTI @ $58.56/barrel (up 6 consecutive sessions) Geopolitical tensions supporting prices CAD highly correlated with oil prices Canada is major energy exporter to Asia 🇯🇵 Japan (JPY Bearish Pressures): Bank of Japan Recent Action: Rate hike: 0.75% (December 19, 2025) Highest rate since September 1995 Hawkish stance but REAL rates still deeply negative More hikes signaled ahead Economic Challenges: ❌ CPI inflation: 2.9% (above 2% target for 44 months) ❌ Real wages declining 10 months straight ❌ Yen weakness (154-157 vs USD) ❌ Despite rate hikes, yen remains under pressure ✅ Wage growth momentum expected 2026 Key Factor: Even at 0.75%, with 2.9% inflation, Japan's REAL interest rate is -2.15% (deeply negative), keeping yen structurally weak. 🔍 KEY ECONOMIC EVENTS AHEAD Upcoming Dates: January 28, 2026: Bank of Canada next rate decision Q1 2026: BoJ expected to continue rate hikes toward 1.0-1.25% Weekly: Canadian employment data Weekly: Japanese inflation data Critical Catalysts: 🛢️ Crude oil price movements 📊 Canadian GDP data 💹 BoJ policy statements 🌐 US-Canada trade developments 💴 Yen intervention risk (if weakness accelerates) ⚖️ INTEREST RATE DIFFERENTIAL Canada: 2.25% | Japan: 0.75% Differential: +1.50% favoring CAD This positive carry makes CAD/JPY attractive for: Swing traders capturing rate differential Carry trade positioning Medium-term bullish bias 🚨 RISK FACTORS Bearish Risks: ⚠️ BoJ intervention if yen weakens too rapidly ⚠️ Crude oil price collapse ⚠️ US tariff escalation hitting Canadian economy ⚠️ Global risk-off sentiment strengthening JPY Bullish Confirmations: ✅ Sustained oil price strength ✅ Canadian data beats expectations ✅ BoC maintains "higher for longer" stance ✅ Risk-on market environment 📈 TECHNICAL SETUP SUMMARY Trend: Bullish channel respected Support: 113.450 weekly zone Resistance: 114.400 (breakout level) Target: 115.500 (profit zone) Market Structure: Higher lows intact ⚡ FINAL WORD Dear Traders & OG's 👑 This is MY analysis based on current market data. YOU are responsible for YOUR trades. Always: Size YOUR positions appropriately Use YOUR stop losses Take YOUR profits when satisfied Manage YOUR risk NOT FINANCIAL ADVICE. Trade at YOUR OWN RISK. 📊 May the markets be in your favor! 🚀
by The-Thief
CADJPY→ Trade Analysis | BUY SetupCADJPY is moving in an UP trend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity CADJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Long
by TheGrove
9
CADJPY Is Going Down! Sell! Here is our detailed technical review for CADJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 114.142. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 113.390 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
USDJPY: continuation move🛠 Technical Analysis: On the 4-hour (H4) timeframe, USDJPY remains firmly in a long-term Ascending Channel, demonstrating a sustained bullish structure. A significant technical development has occurred: the price has successfully breached a "Broken resistance line" (the descending trendline from previous highs) and is now consolidating above the horizontal resistance zone at 157.271. The moving averages—SMA 50, 100, and 200—are all trending upward and acting as a dynamic support cluster below the current price. The current price action points to a potential breakout of resistance near 158, especially after the price consolidates near this zone. ——————————————— ❗️ Trade Parameters (BUY) ——————————————— ➡️ Entry Point: Buy after the breakout resistance (approx. 157.916) 🎯 Take Profit: 161.50 – 162.00 (Upper boundary of the Ascending Channel) 🔴 Stop Loss: Below the recent consolidation and SMA cluster (approx. 156.152) ⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.
Long
by Trade8Eight
USDCAD: 2-week horizon🛠 Technical Analysis: On the 4-hour timeframe, USDCAD has invalidated its ascending channel structure, triggering a "Global bearish signal" confirmed by the death cross of the SMA 50 below the SMA 100 and 200. The pair is currently under strong selling pressure but is approaching a major support zone near 1.3730, which aligns with previous accumulation levels. The projected trade setup anticipates a stabilization at this support floor, followed by a corrective rally targeting the breakdown point and the SMA cluster around 1.3980 - 1.4000. ——————————————— ❗️ Trade Parameters (BUY) ——————————————— ➡️ Entry Point: Buy Limit at the support zone (approx. 1.3730 – 1.3750) 🎯 Take Profit: 1.3980 – 1.4015 (Resistance) 🔴 Stop Loss: Below the support structure (approx. 1.3600) ⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.
Long
by Trade8Eight
6
How to Trade Reversals Like a Pro | CADJPY Wave 5 Entry hey Traders, This is a live example of reversal trading using completed bullish wave structure. Entry executed, currently +10 pips, targeting 113.36 38:1 risk: reward. 🌊 Wave Structure Analysis: Pattern Identified: Completed Bullish Wave Structure What This Gives Us: When a wave structure completes, it provides absolute clarity. We know exactly what our options are—no guessing, no confusion. Our Two Options: Sell the reversal (what we did) Do nothing (if conditions aren't perfect) That's it. No ambiguity. No emotional decision-making. 💡 The Power of WavesOfSuccess: This is what proper wave counting provides: ✅ Objectivity - Remove emotion, follow structure ✅ Clarity - Know exactly what to do (or not do) ✅ Flawless Execution - Enter at precise levels Important Reality Check: Having clarity doesn't mean we never lose. Losing is an essential part of trading. We teach traders to accept losses quickly and immediately move to the next opportunity. The edge plays out over time, not on every single trade. 📊 Trade Execution Breakdown: Focus Area: Last leg of bullish wave structure Entry Method: Counted the internal bar structures within the major Wave 5 swing. Precise entry at the 2nd Higher High (HH) bar of the internal wave count. Entry: 114.42 Stop Loss: 114.46 (4Pips) Why This Level: The 2nd HH bar of Wave 5's internal structure represents peak momentum—the final push before exhaustion. This is where reversals should begin. ⚠️ Advanced Execution Warning: This is NOT for novice traders. Requirements for this type of execution: Flawless wave counting ability No guessing on wave positions Internal bar structure recognition Precise entry timing When you master this: Trading becomes effortless. You're not predicting—you're reading structure and executing mechanically. All you need to control is risk through proper stop placement. ✅ Trade Outcome (So Far): Status: Success - Risk-free position What Happened: Price broke below the internal Wave 4 structural bar within the Wave 5 swing. This created immediate downside momentum and allowed us to move the stop to break-even (risk-free). Current Profit: +10 pips (and counting) Current Risk: 0 pips (break-even stop) 👍 Boost if you want more reversal trade breakdowns 👤 Follow for advanced wave structure execution 💬 Can you count internal waves? Comment below
Short
by Charts247TradingAcademy
1
USDJPY: before BoJ🛠 Technical Analysis: On the 4-hour timeframe, USDJPY is maintaining a strong long-term bullish posture within a large ascending channel. The price has recently found solid support near the SMA 100 and SMA 200 confluence. The critical development will be the breakout above the descending resistance line that has been constraining price action since the November peak. Currently, the pair try to test the horizontal resistance zone around 157.00 – 158.00. A successful consolidation above this area, as indicated by the "Resistance line" breakout, confirms a trend continuation. With the moving averages trending upward and the price remaining in the upper half of the channel, the path of least resistance is toward the channel's upper boundary. ——————————————— ❗️ Trade Parameters (BUY) ——————————————— ➡️ Entry Point: Buy on a confirmed break of the resistance line (approx. 156.733 – 157.00). 🎯 Take Profit: 161.50 – 162.00 (Upper boundary of the Ascending Channel). 🔴 Stop Loss: Below the recent swing low and SMA support (approx. 155.162). ⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.
Long
by Trade8Eight
Bullish bounce off 38.2% Fibonacci support?CAD/JPY is moving lower toward the pivot, which is acting as pullback support and aligns with the 38.2% Fibonacci retracement. Price could find support here and bounce toward the first resistance. Pivot: 112.21 1st Support: 111.60 1st Resistance: 113.30 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party
Long
by IC Markets
1