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Cadjpyshort

CADJPY facing bearish pressure | 16th Apr 2021Prices are facing bearish pressure from horizontal swing high resistance, in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push down towards horizontal swing low support, in line with 78.6% Fibonacci extension. If prices push higher, prices might face resistance from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Stochastics is also facing resistance from 92.82 level, potential for pullback, in line with our analysis.
Short
by FXCM
2
CADJPY - Bearish BiasCAD - BEARISH 1️⃣ Traders weighed resurging coronavirus infections and new lockdowns in the country. 2️⃣ The commodity-sensitive CAD continues to have a difficult time capitalizing on rising crude oil prices. JPY - BULLISH 1️⃣ Safe-haven flows returned to the Yen after daily coronavirus cases in Osaka reached a record 1,099 on Tuesday amid a surge of highly contagious variants. ===== Technical ===== We are looking to sell the CADJPY at resistance + below SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
CADJPY facing bearish pressure | 13 Apr 2021CADJPY is facing bearish pressure from a tentative descending trendline resistance as well as horizontal swing high resistance. Prices might push down towards horizontal swing low support, in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement . If prices break past the swing high, prices might face resistance from 61.8% Fibonacci retracement and 50% Fibonacci extension . EMA is also above prices, showing a bearish pressure for prices.
Short
by FXCM
CADJPY facing bearish pressure | 13 Apr 2021CADJPY is facing bearish pressure from a tentative descending trendline resistance as well as horizontal swing high resistance. Prices might push down towards horizontal swing low support, in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. If prices break past the swing high, prices might face resistance from 61.8% Fibonacci retracement and 50% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.
Short
by FXCM
1
CADJPY - Bearish BiasCAD - BEARISH 1️⃣ Oil prices sank more than 5% on Tuesday, with WTI crude trading below $60 a barrel and Brent about $62.7 a barrel amid escalating worries that the third wave of COVID-19 cases in some countries in Europe and slow vaccine rollouts in the continent will hurt a recovery in fuel demand. JPY - BULLISH 1️⃣ A string of renewed coronavirus restrictions in Europe boosted a safe-haven bid. ===== Technical ===== We are looking to sell the CADJPY at SBR + below SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
3
CADJPY SELL | Going down Hello Traders, here is the full analysis for this pair. Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity CADJPY . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Short
by BULLSS1993
3
CADJPY - Bearish BiasCAD - BEARISH 1️⃣ Lower oil prices weighing on the CAD. JPY - BULLISH 1️⃣ The BoJ explicitly said Friday it will allow long-term interest rates to fluctuate in a wider band. The bank also removed a 6 trillion yen ($55 billion) annual target for buying exchange-traded funds while maintaining a ceiling of 12 trillion yen in a move designed to allow yields to fluctuate more and breathe life back into a market made dormant by the BOJ’s dominance. 2️⃣ The Japanese government fully lifted its second COVID-19 state of emergency Monday after extending it twice, as the nation remains on high alert for a rebound in new infections. 3️⃣ Risk-off tone supported the safe-haven JPY. ===== Technical ===== We are looking to sell the CADJPY at resistance + below SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
2