Please, check our technical outlook for CADJPY. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 111.143. Taking into consideration the structure & trend analysis, I believe that the market will reach 110.599 level soon. P.S Please, note that an...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #CADJPY. Which scenario do you think is more likely to happen? and Why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Preferred direction: SELL Comment: At the end of this week, another one of the most promising currencies as a strengthening against the US dollar is the Canadian dollar . Here, the Canadian dollar is provided with additional support by rising oil prices. The main target for the fall is located at the level of 1.34000 , and most likely we will continue...
CAD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 110.313 which is a pullback resistance that aligns close to the 61.8% Fibonacci projection level. Stop loss is at 111.150 which is a level that sits above the 100.0% Fibonacci projection level and the swing-high resistance. Take profit is...
Hello,Traders! CAD-JPY was going up But has hit a horizontal Resistance of 111.111 From where I believe We will see a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
💵Pair Name CAD/JPY Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Long ) Mid Term Type : Mid Term Swing —————————— Bullish...
Preferred direction: SELL Comment: In addition to the euro and pound , the priority for selling the US dollar also applies to other majors . In this case, we will analyze USDCAD . In the medium and short term, the instrument is looking down quite confidently; we do not rule out a potential small rollback upward, but the main mood is, of course, bearish....
After the dip and the double tap in 104 support back in December, CadJpy started to rise again and resumed its long-term bull trend. Now the pair is trading back to important 110 zone resistance and a break up seems imminent. The recent dive under 109 was quickly reversed, which also adds to my bullish perspective. In conclusion, as long as the recent low is not...
Expecting price to complete the ABC correction and head bullish to take out Buy-Side Liquidity. Please, like, share, and comment.
In time h4, it is moving in an upward channel, which is currently in the supply zone. If the area breaks upwards, it will be able to reach the ceiling of the channel, otherwise, if it faces a negative reaction, with a shorter ceiling, you can enter a sell position until the bottom of the ascending channel. ----------------- Please support this idea with a LIKE and...
Hello,Friends! CAD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
✅CAD_JPY is already making A pullback from the Horizontal resistance of 110.374 And as we are locally bearish biased We will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! CAD-JPY went up to Retest the horizontal Resistance level of 110.373 From where I think we Will see a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
CADJPY is rising to a pullback resistance, from there it could potentially reverse to the take profit level. Sell entry is at 110.300 which is a pullback resistance. Stop loss is at 111.084 which is a swing-high resistance. Take profit is at 109.117 which an overlap support that aligns with 23.6% Fibonacci retracement and 78.6% Projection level. High Risk...
CADJPY may drop from a key daily horizontal resistance. The price formed a double top on that and violated its neckline. Goals: 109.86 / 109.6 ❤️Please, support my work with like, thank you!❤️
CAD-JPY retested the Broken rising support line And is now making a pullback So I think that it will go Even further down !
#CADJPY Next Possible Move .........................................................
Hello,Traders! CAD-JPY went down just As I predicted but will soon Retest a rising support line From where I think we will See a local bullish correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!