Market has reached a nice price reversal zone and showing price action to short. Looking for the market to continue with a similar pattern descending into a bearish price channel same as the previous drop for about 100 to 150pips. Seeking a nice 4:1 risk to reward on this setup for some major profit$$$$
CADJPY has break the inclining trendline and important support zone heading toward the lower targets of 160.50 area. As the price has also break the local descending channel to downside which is also signaling the sell side is much favorable. What you guys think of this idea. ?
The CADJPY pair is trading within a 5-month Channel Up pattern, exactly on its 1D MA50 (blue trend-line). We notice the formation of a Triangle within it, similar to April's. If the 1D candle closes below its Higher Lows trend-line, then we will sell targeting 104.250 (Support 1). If the price breaks above the Lower Highs, we will buy and target long-term the 2.0...
Preferred direction: BUY Comment: The buy scenario remains relevant. Additional pressure on the Canadian dollar has a downward trend in oil. Several important economic data are expected to be released today, both for Canada and the US. Undoubtedly, their results will affect the course. However, from the point of view of technical and volume analysis, most...
Hey Traders, in today’s trading session we are monitoring CADJPY for a buying opportunity around 106.900 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 106.900 support and resistance zone. Trade safe, Joe.
Since mid-march, CadJpy has had an impressive rally, with the pair gaining 1500 pips in only 3 months. A steep 500 pips correction followed the top consolidation and after this, the pair resumed its up move. However, looking at recent price action we can see that the pair is struggling and the last 4 attempts to reconquer 108 failed. At this moment the possibility...
CADJPY has found a bottom at 167.60 at the bottom of the triangle formed previously creating a higher lower at support. Knowing that the overall trend is still bullish and that the fundamentals of the JPY is still negative, i am expecting a push to the upside...
FX:CADJPY is forming a local upward trend. The currency pair is gaining resistance at 108.12 and forming an ascending triangle, most likely we will see some development in the near future. The currencies are weakening on the background of fundamental and geopolitical nuances, but the currency pair is getting stronger, overcoming one of the key levels at 107.6....
Price has reached our sell entry at 107.66, and this aligns with the 50% fibo retracement and 100% fibo projection, which shows that there is fibo confluence. Furthermore, we can see that our sell entry is at the neckline of the double top pattern, which confirms our bearish bias. Our stop loss is at 108.23, which is the multi-swing high resistance level. Take...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Preferred direction: BUY Comment: The currency pair remains under bullish control and local highs are expected to be updated. Level 1.35000 is currently the key support from which growth to 1.35500 is expected, and higher targets are also considered. Thank you for like and share your views!
CADJPY is falling towards the buy entry at 107.659 which is an overlap support and could potentially reverse from this level to bounce higher. Stop loss is at 106.925 which is an overlap support that sits under the 50.0% Fibonacci retracement level. Take profit is at 108.704 which is a pullback resistance. Please be advised that the information presented on...
CADJPY has been forming higher highs and higher lows inside on this ascending channel confirming that the overall trend was bullish. Last sessions, price came and retested the support at 107.50 which had already been a solid one in the past. At the moment, what we see from price action is a break of the last high that showns strong momentum to the upside... My...
Hello traders, we want to check the CADJPY chart. The price has broken the ascending channel to the bottom and pulled back to the specified key level. We expect this level to play the role of a resistance level and cause the price to fall further. If the price falls, we expect it to fall to the targets of 107,400 and 107,000. Good luck.
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The recent price action on the CADJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Hello,Traders! CAD-JPY has reached a Horizontal resistance of 108.096 And as the pair is locally Oversold I think that We will see a local correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!