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.
Price has formed a distribution and a x movement waiting to reach that ob level to sell it
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.
For me is good opportunity looking for sell. 3 version on my view for CADJPY
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. ------------------- Share your opinion in the...
CADJPY moving the descending channel . The market made a higher low, and it is testing the psychological level of 107.000. On the higher timeframe, we can see the market is consolidating. We expect a bullish move since the major trend is bullish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Two pairs on watch this morning, USDCAD & CADJPY. Similar plays but crucial differences in WHERE price has come from. Stay sharp.
Here is my analysis for CADJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my analysis for CADJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
CAD-JPY has hit the Horizontal resistance Of 107.0 from where we Are seeing a bearish Reaction and I think That the pair will go Further down!
Hi fellow traders, CADJPY has reached the blue box after completing this large WXY correction. Look for a sell opportunity anywhere from this area. Target the wave 'X' low. Good luck and trade safe!