CADJPY is making lower lows, an indication of the downtrend. Price has reached the lower border of the descending channel, and now it's moving up to test the upper border of the channel. The channel border acts as a dynamic S/R. Price at the confluence zone: dynamic resistance, swing zone, and equal-measured move. ------------------- Share your opinion in...
CADJPY is trading in the descending channel . The market is consolidating at the resistance level . Price action is printing equal lows and lower highs, an indication of bearish pressure. Price is likely to test the support level . ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last...
CAD-JPY broke out of the rising wedge And went down . Now, the pair is making a bullish pullback To retest a horizontal resistance level AT 106.361 From where I believe we will see A further move down !!
#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last...
#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. And as expected, JPY WEAKNESS came after the BOJ INTERVENTION. This was because the Bank of Japan did not intervene in the long run to strengthen the JPY. Meanwhile, CAD has become very STRONG in the last...
List of confluences: 1. Trendline breakout 2: Higher highs and Higher lows being created 3: Key level breakout 4: Several pin bars candles CADJPY is currently in a strong uptrend when we look at the bigger picture trend so we will be only looking for buying opportunities. When looking at the daily chart we can see that price has broken a recent counter trend...
HELLO DEAR Open Position : 108.600 S/L : 104.300 Take Profit : 113.000 BEST REGARDS.
CADJPY on the lower timeframe has formed a bullish price action after multiple liquidity grab from support. Long-term price is highly bullish including monthly, weekly, and daily price action is bullish. As news coming later today, there is a high probability for the price to have a spike, and on the test of the long trend line, we could potentially see a rise...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
The Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most...
CADJPY moving in the descending channel. The market formed a consolidation 2 week ago and it's still moving sideways. Price is approaching the psychological level of 105.000. We expect retest of the support level and bullish move . ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
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Eve bottom formed cadjpy daily time frame. Demand zone 105.45 & 104.75 for long target 108.60. stop loss 104.50.
CADJPY is consolidating after following a bearish move. Price is coiling up before expansion, and it broke and closed below the range zone. If resistance level rejects price, then we can look for selling opportunities. We expect further bearish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
CADJPY is consolidating after following a bearish move. Price is coiling up before expansion. If resistance level rejects price, then we can look for selling opportunities. We expect further bearish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
🔰You can see the analysis of the Canadian dollar to Japanese yen currency pair in the four-hour time frame (CADJPY_ 4H)🔍💣 💥As it is clear from the picture, the price is moving in an Bullish parallel channel🖤❗If the price can break the lower line of the channel (dynamic support) and stabilize❗ below it, then it can have a downward trend until the DEMAND zone and...
CAD/JPY ::: The previous analysis is still usable and you can choose the next targets by looking at it . <<< GOOD LUCK >>>