JAPANESE YEN / CANADIAN DOLLAR
Could we really begin to see some sell pressure on the XXXJPY after a huge bullish cycle? Price action suggests it. A strong sell breakout presented and lured FOMO sellers into the market. Now they have been wiped out, we can consider joining sells with the big boys. I will observe if price continues to react to these minor supply zoners at market open. If...
Hello,Friends! CADJPY is bullish right now And I think that the market conditions are right For the pair to move up Therefore, I think it is sensible to go long! Like and subscribe and comment my ideas if you enjoy them!
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The price is testing from support zone .I expect the price goes to resistance level,because the main trend is bullish. My goal is 104,7. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CADJPY looks ready to rise, and with oil prices creeping up from their slumber, this pair with CAD being a major exported of the black gold and JPY a big importer, we could see this pair have some volatility with the rises, nice price action on the 4h suggest to buy the pair and aim for the previous high and higher. Good luck ZenFlo
CAD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE The CAD has enjoyed far more upside in the past few weeks than we anticipated. We’ve been cautious on the currency given Canada’s dependency on the US (>70% of exports) where the clear signs of a faster than expected slowdown and possible recession should deteriorate the growth outlook for Canada. Apart from that,...
This trade idea is totally different because i based on both Fundamental and Technical Analysis and i highly recommend you not to miss to book this great wonderful opportunities. if you are familiar of trading in trend this is the confirmation that there is a valid trend creation since the second touch is part of one of the consideration tasks. Don't worry to...
The price makes a false breakout of the upward resistance of the price channel and fixes below the level. The first stop of the price may be at the level of 104.7, let's see how the price will react to the level. I'm waiting for the breakdown of this level and the fall. My goal is the support zone Traders, if you liked this idea or if you have your own opinion...
The price continues to trade in an uptrend. Previously, the support zone was tested after the shake-up, the price returned to the ascending channel and is fixed above the support zone. I'm looking forward to growth. My target is resistance 104.7 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions...
you can see CADJPY has cleared Equal high, and give as sign tp drop, i expect it to reach 103.000
In this example, we can see that this is a typical trend continuation move. 1. Bullish impulse leg, followed by a "Consolidation before breakout". 2. For those who trade with SMC = Smart Money Concept, you will identify the breakout zone as an ORDER BLOCK . 3. Prices made a Swing High, followed by a "FALLING WEDGE" pattern, forming liquidity beneath the minor...
Hello,Traders! CAD-JPY is trading in a downtrend And the bullish correction seems to be over As the pair has retested a horizontal resistance From where we are expecting a move down And bearish continuation Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
This signal is seen in 1 hours. As you know, the signal is not suitable for people who want to finish the transaction quickly.
On CAD/JPY is nice to see strong buying reaction from the price 104.37 , there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Resistance from the past + Uptrend +...
Price is retesting broken structure resistance zone as support, creating a higher low. Watching for a bullish reaction off this region here for price to resume higher towards resistance above.
Cadjpy has been in a long term uptrend, so we should be preparing for a distribution. Nevertheless, this lends credence to a trend following approach being optimal. A pullback to the previous high of the pair should signify a highly probable formation of a Higher Low to shoot for a continuation long. Incidentally the pullback zone is also the 61.8%/50% fib level...