CAD-JPY was trading in a bear pennant pattern Now, we are seeing a bearish breakout And because I am bearish biased on the pair I think that we will see bearish continuation
Monthly: Bearish . Even though price has not entered my ideal sell zone between 109.00 and 113.00, there is a divergence on the monthly TF. So, there is a chance that market will start to drop before reaching my ideal sell zone. The current price is also at a sell zone which has been tested previously. But because it has been tested previously, the chances of...
It has gone slightly higher then anticipated, but then again, the fall will be greater from lofty highs they say. Strategy is SELL 102.00-102.50 and ADD above 103.00 again. The profit order somewhere 98.25 for now.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
The regression channel clearly shows we are out of bounds. Further negative stochastic and RSI not shown is still overbought as well. The strategy is SELL current @ 98.30-98.60 and add above 99.25. Profit order @ 95.37 for now.
The SMA strength indicator suggest we have had a strong trend, and this is likely coming to an end. That is why it's high range. The BB% also is above it's norm and further the regression trend shows even we are outside its boarders. The strategy is therefore SELL 98.60-98.90 for a move back towards 94.25.
The pair is still overbought for the medium-term, and similar to USDJPY we should be looking to establish a SHORT if not done as yet. the levels to sell I suggest to be 98.30-98.60 for now and add above 99.30. Profit order near 95.00 for now.
This is an interesting pair. They are both oil currencies. Once OIL changes to lower levels, or is perceived it will not go much higher, JPY will strengthen and CAD will weaken. That is why SELL strategy for this one is great opportunity. Strategy SELL @ 97.60-97.90 and place profit order below 96.00 for now. I would only add at higher levels when see.
On the 2nd of February I had suggested to buy CADJPY 90.40 and it has taken a long run to reach the suggested objective 95.00 or higher. Right now, similar as all JPY crosses we should be on the BUY side JPY as the situation is quite oversold (JPY). so for now SELL @ 97.50-97.80 area for a move back towards 96.00 there abouts.
Hello Traders, Hope you are having an amazing week. Above is my analysis on CADJPY , overall perspective is very BEARISH . Expecting this level of supply to hold ! Always move stops to breakeven after +25 pip moves Looking forward to see how this plays out. Thank you for your support, ETGL TEAM 💛
CADJPY sell oppotunity at play japannes yen bears might be at play
CAD-JPY broke a horizontal resistance And you did it in a powerful way But backtracking and correction is inevitable And we can see that the price has almost arrived Increased resistance to a narrow wedge at 95.00 So I think after the retest We will see a drop to 91.7
Now, CADJPY near its resistance area. Im looking for short and take profit in previous resistance.
Hello Traders, We've noticed a massive correction in USOil a few days ago as sanctions increase for Russia. Could this just be a pull-back for oil? Time will tell however, we could see its' relative yen pair correct as well this week. 89.800 levels OANDA:CADJPY
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
cadjpy ready to bearish are you ready ? we expecting downside movement .confirmation is already done in small time frame now looking long term bearish
CAD-JPY rebounded from the daily resistance 91.5 and broke the ascending support line Penetration confirmed So I think so after We'll see a move down in 87.5