We were bearish up until this week friday, though JPY showed massive rejection and failed to take control of the price, which indicates prices are expected to rise and stay bullish for now.
Let's wait for the market to show the move!!
Waiting for a retest of 108.453 to long CADJPY back to swing highs at 109.518
If you agree drop a like and if you have any questions leave a comment :)
Hello Traders
In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET
today CADJPY analysis 👆
🟢This Chart includes_ (CADJPY market update)
🟢What is The Next Opportunity on CADJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Hello Traders
In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET
today CADJPY analysis 👆
🟢This Chart includes_ (CADJPY market update)
🟢What is The Next Opportunity on CADJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Hello Traders
In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET
today CADJPY analysis 👆
🟢This Chart includes_ (CADJPY market update)
🟢What is The Next Opportunity on CADJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Since mid-July, CadJpy has been trading inside an ascending triangle with price congestion in the last 3 weeks.
Ascending triangles are usually continuation patterns and considering the up trend of the pair, this could be the case also now.
However, a break under the support line could lead to a steep dive to important support at 102.
In my opinion, even if we...
The Epic Preamble
Ladies and gents, forex warriors, and chart whisperers, gather around! We've got a thriller unfolding in the grand arena of currency gladiators: the CADJPY pair! Yep, that's the Canadian Dollar squaring off against the Japanese Yen. Since the 15th of August, they've been dancing in a tight ring, neither gaining the upper hand—until now!
The...
Waiting for a retest of 108.216 to long CADJPY back to swing highs at 109.254
If you agree drop a like and if you have any questions leave a comment :)
As we all know that the economic condition of Japan is not fine, and they are also facing natural disasters. I still believe that Yen will remain weak in coming week. Better to look buying opportunities on such pairs which have YEN.
Observing the CAD/JPY pair, we can see that the price has broken the trendline, which, in my opinion, indicates that the price is moving in a downtrend. Alternatively, this could be a retracement before resuming an uptrend. What are your thoughts on this? Personally, I anticipate the price to reach 106.556 .
Looking at the CADJPY pair, we can observe an overall downtrend. We can see a tested resistance zone and a broken minor support zone. Additionally, there's a liquidity void left on the lower left side. In my opinion, this serves as an indicator that the price is likely to continue in this trend.
CAD-JPY is trading in an
Uptrend but the pair has
Formed a bearish wedge
Pattern and is trying to make
A bearish breakout so I think
That If the breakout is confirmed
Then we can expect a local
Bearish move down !
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...
Hey Everyone, hope all of you had great weekend, after looking most of the JPY pairs, it is clear that all of them recently overbought due to JPY weakening day by day since last 2-3 months. However, a strong bearish Impulse is expected.
Price needs to show an indication of strong bearish behaviour before finalising or taking any further actions.
Good Luck And...
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.
CADJPY is decelerating while approaching a major resistance level .
Price has reached the fibo extension and psychological level 180.000.
The market showed divergence at the resistance level , which indicates that the price might pullback.
Kill zone: dynamic resistance, fibo level, and psychological level.
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Share your opinion in the...
