Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
CADJPY / 1W
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CADJPY has been trading in bullish trend this year. However, price action on the weekly time frame seggusts a deep bull back or a reverse around previous highs.
Bears want somekind of a lower high, double top, or micro-double top to make this trade with high probability.
Checkout the chart for...
✅CAD_JPY retested the strong support level
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above
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CAD-JPY has hit a strong
Horizontal support and looks oversold
So a small rebound is likely
With the target being the level above
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CADJPY broke and closed below a key daily structure support.
The broken structure turned into a resistance now.
I expect a bearish continuation to 103.0 / 101.8 levels.
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- According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was, FUNDAMENTALLY JPY STRONG, GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week.
- JPY has become somewhat WEAK because VIX is slightly DOWN. Due...
Hello traders, welcome back to another market breakdown.
CADJPY has been trading in a bullish trend. However, the price has been reversing as expected on the weekly time frame.
This idea is an update of my previous idea on this pair. I have mentioned that this pair might have a major trend reversal on the monthly time frame. The price has broken the...
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The pair got pushed down from the 103.412 pivot line and is now also done with the restest ready to move all the way down to its next Target 101.379 !!
The move is further strengthened by 50 and 200 EMAs pointing down on the daily and 4-H timeframe !
My final Traget for the pair is 101.4 !
On CAD/JPY is nice to see strong sell-off from the price 103.900, there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area is my...
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about AUDCHF. AUDCHF is almost going to break bearish pennant pattern. After this Breakout we can see a good drop in Price. We can see price around 0.62 to 0.61
Keep in touch we will update further soon.