CAD/JPY 1H chart Pattern..CAD/JPY 1H chart:
Current price is around 107.43.
I have already marked two downside target levels with arrows.
📉 Targets shown:
1. First target: ~ 107.00
2. Second target: ~ 106.30
So if CAD/JPY continues to reject from the red resistance zone, my downside targets are:
TP1 → 107.00
TP2
About Canadian Dollar / Japanese Yen
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 notable oil, causes it to be affected by crude oil prices.
Related currencies
CADJPY Set for October Crash? Institutions Bet Big on Yen 📊 Multi-Factor Analysis – CADJPY
COT Data
JPY: Net long positions are strongly increasing → Non-Commercial long +14.7K, Commercial long +12K. Institutional flows favor the Yen, confirming a bullish bias on JPY.
CAD: Heavy liquidation → Commercial longs -49K, shorts -59K, Non-Commercial longs dec
CADJPY: Bearish Forecast & Outlook
The price of CADJPY will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CADJPY LONGMarket structure bullish on HTFs 3
Entry at Both Weekly And Daily
Weekly Rejection at AOi
Weekly EMA retest
Daily Rejection at AOi
Daily EMA retest
Around Psych Level 107.000
H4 Candlestick rejection
Rejection from Previous structure
Levels: TP BASED OFF PRICE ACTION
Entry 115%
REMEMBER : Tra
CADJPY Expected Growth! BUY!
My dear friends,
CADJPY looks like it will make a good move, and here are the details:
The market is trading on 106.74 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the m
CADPJY(15) SELLWhy I took a sell on CAD/JPY this week:
CAD is under pressure from a stronger USD, widening yield spreads, and weak risk sentiment.
Oil hasn’t provided enough support to lift CAD.
JPY is gaining strength as a safe-haven in uncertain conditions.
Technically, CAD/JPY rejected resistance and shows exh
CADJPY shortThe Canadian economy is and will be in trouble until they get an agreement with their American partner on trade deals.
There is a 50% chance of cut at their October meeting. IT is not a done deal, since they cut last meeting, but unless we get some good data, a cut is possible.
The Boj has a 40% ch
CADJPY Momentum Stalls, Sellers Look for ControlCADJPY has tested the 107.40 zone but failed to sustain a breakout, suggesting fading bullish momentum. With oil prices struggling to find direction and the yen attempting to stabilize after weeks of weakness, sellers are circling. The chart structure points to a potential corrective leg lower if th
CAD-JPY Free Signal! Sell!
Hello,Traders!
CADJPY rejects a horizontal supply area after a fakeout sweep, signaling SMC distribution. Bears aim to drive price lower into liquidity resting near 107.27. Time Frame 2H.
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Stop Loss: 107.616
Take Profit: 107.271
Entry: 107.435
Time Frame: 2H
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See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the CADJPY pair is quoted as 1 CAD per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 CAD.
CADJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CADJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.