Hey Traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 112.300 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 112.300 support and resistance area. Trade safe, Joe.
Preferred direction: SELL Comment: The Canadian dollar also perfectly fulfilled its medium-term sell scenario, which we gave earlier. Here, as with AUDUSD , in the short term, the sell-priority remains, and a fall is expected towards the level of 1.34500 , where the nearest support is located. It should be noted that the instrument retains the prospect of...
Hi Realistic Traders, let's delve into the technical analysis of FX:CADJPY CADJPY is currently trading above the EMA90 line, indicating a robust bullish trend . The formation of a symmetrical triangle pattern further supports this trend continuation. On March 28, 2024, the price broke out of the symmetrical triangle pattern with a bullish full-body...
First TP should be available in a long position and the Risk and Rewards Ratio of around 5
My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 111.37 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 111.92 About Used Indicators: By the very nature of the supertrend...
Exploring CADJPY, I've identified a prime SHORT opportunity. Technical patterns reveal bearish signals, with the pair encountering resistance at a significant technical level and showing signs of a trend reversal, including the formation of a bearish engulfing pattern. This is coupled with an RSI indicating overbought conditions and a bearish crossover on the...
Hello,Friends! CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 111.053 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
On an hourly timeframe, CADJPY printed a series of Higher Highs and Higher Lows. Using Fib Retracement tool, an Entry Price along with Stop Loss and Take Profit levels are suggested
ID has printed a 1h sell signal. Price just rejected off 4h supply zone. Should be a solid short from this price.
Looking at the chart of CADJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️
According To Uptrend / Reversal Pattern / Divergence ON CCI / Reversal Price Action On Daily /Fibo Retracement to 50 and 61% .
The CADJPY pair delivered us a very strong buy opportunity last time we made a buy call on it (December 22 2023, see chart below) : Moving back to the 1D time-frame, the pair has been trading within a Channel Up pattern since the December 07 2023 Low. Currently on its 2nd Bullish Leg, the price has entered a Triangle consolidation, similar to the pattern of...
Overview: CAD/JPY has exhibited a significant pattern formation, indicating a potential shift in market sentiment. The XABCD Gartley harmonic pattern has materialized, with a notable rejection occurring at point D, coinciding with the critical level of 112.000. This rejection aligns harmoniously with the 4-hour Bearish Trendline, reinforcing the significance of...
Is this is the time for a big short??? CADJPY was building up for quite some time. The question is, shall we pull the trigger and short now???
Trade Setup: Pair: CADJPY Entry: Buy Limit at 111.16 Initial Stop-Loss: 110.84 Risk Exposure: 32 pips Analysis: Earlier, we discussed the potential buying opportunity on CADJPY, and now we have our candlestick confirmation. As a risk-conscious trader, I'm waiting for a retracement before entering the market. Trade Management: - Buy Limit: Set at...
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I analysed it, There is sell opportunity for CADJPY at market price and Price should go down to 110 Enter Price 111.400 - 111.500 Target - 110.500 - 110.200 SL 111.900 This is my analysis for CADJPY
Balance of buyers and sellers on the CADJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️