1. Daily uptrend creating higher highs and higher lows.
2. Recent impulse created a new higher high.
3. We expect a retracement before continuation.
4. 4h range breakout creating a new high.
5. Before continuation price must retrace to gather further orders.
6. A structured pullback would provide evidence towards continuation on breakout.
7. High probability...
Here is our detailed technical review for CADJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 112.406.
Taking into consideration the structure & trend analysis, I believe that the market will reach 112.972 level soon.
P.S
Overbought describes a period...
A new High is breaking prior supply zone potential supply turn into demand zone at the minor quarter point
Weekly engulfing candle
Be on the lookout for any counter trend retracement before buying this market
Hello,Traders!
CAD-JPY is trading in an
Uptrend and the pair
Just made a bullish
Breakout of the key horizontal
Level of 112.346 and the breakout
Is confirmed so we will be
Expecting a further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Hello,Friends!
CAD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 111.671...
Our analysis is based on multi-timeframe top-down analysis & fundamental analysis
Based on our view the price will rise to the monthly level
DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and...
Price traded and made a high on H4 timeframe today at 112.404. What do we expect the market do next ahead of CANADA INFLATION RATE TOMORROW we look forward to seeing more price action around 112.404 area to confirm more , the current bullish sentiment in the market.
CAD JPY PRICE - FLIGHT MODE right now here we can rising wedge parttern got break out fridays resistance zone, now price is moving up ward direction to the fill liquidity till 112.055 and also creating imbalance from support zone.. follow for more live updates
Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from S/R zone + FIBO 0.618 level.
Like, comment and subscribe to be in touch with my content!
CAD JPY PRICE - BACK TO FILL IMBALANCE LIQUIDITY AT SUPPORT ZONE, before that price fall from resistance nd created a bearish pennant pattern balanced the liquidity area which is imbalanced before got a break out again retested make a short entry as shown in the picture follow for live updates...
Hello,Friends!
CAD/JPY is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 111.685 level.
✅LIKE AND COMMENT MY IDEAS✅
