HELLO TRADERS !!
As I can see this pair is now tested a strong support zone which is a very low risk entry for longs.
CADJPY is still going to move more higher than predicted level on weekly based timeframe friends it's just a trade idea share Ur thoughts with us it helps many other traders.
Stay Tuned for more updates!
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
H4 - Price bounced higher from a key support zone.
Most recent downtrend line breakout.
H1 - Bullish convergence.
Currently it looks like a pullback is happening.
Until the key support zone holds I expect the price to move higher further after pullbacks.
#CADJPY
- By this time, CADJPY was very well BUY with the G7 MEETING with some positive comments regarding OIL. So CAD automatically went up. The other reason is the RATE HIKE done by the BOC. Also, in the last few days, JPY WEAKNESS came unexpectedly. They are the FUNDAMENTAL event.
- But after that the price of OIL rose very fast. Due to this reason CAD...
- GBP FEATURE currently stands at 1.2608 LEVEL. Also the JPY FEATURE stays at 0.0077 LEVEL. GBPJPY PRICE is moving higher than DYNAMIC S / R LEVELS. So most of the time the PRICE can be a bit UP ahead. But the MARKET SENTIMENT must be POSITIVE if you want to BUY GBPJPY.
- STOCKS are currently DOWN. And VIX is becoming DOWN. COMMODITIES OVERALL DOWN. Also...
- The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to follow market sentiment. CADJPY BUY NOT BE WITHOUT VIX DOWNING THE JAPANESE YEN is also slightly down. For these reasons, the CADJPY price may rise further. Today is the day of the CAD CENTRAL BANK DECISION. So you definitely have to pay attention to it.
- CAD FEATURE currently stands at...
CADJPY is consolidating. There are no clear trend indications.
IF price goes higher to resistance level 100.00, then we look for short opportunities.
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⛔️ There is no special INDICATOR for Canadian dollars today. Also, there is no special INDICATOR DATA for JPY. This is why CAD OIL PRICE and JPY MARKET SENTIMENT are FOLLOWED.
⛔️ The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to follow market sentiment. CADJPY BUY NOT BE WITHOUT VIX DOWN BY THE JAPANY YEN is also slightly up UP at the moment....
- INDICATOR DATA CORE RETAIL SALES, RETAIL SALES are to be released today especially for the Canadian Dollar. There is no significant news release for the Japanese YEN today. Because of this, if there is any change in the price of oil for CAD, it could have an impact on the Canadian dollar.
- The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to...
#cadjpy, cadjpy weekly chart forming lower low and lower high, 87.90 & 88.30 supply zone for short. stop loss might be 88.70-80. target for short is 86.10.
