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...
Following a month of trading within a horizontal range, CADJPY recently broke above its resistance level and closed higher. The previous resistance has now become a strong support level. I anticipate further upward movement in CADJPY, with targets set at 113.00 and 113.51.
✅CAD_JPY broke the key Horizontal level of 112.300 And the breakout is confirmed So I am bullish biased And I will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
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
My dear subscribers, CADJPY looks like it will make a good move, and here are the details: The market is trading on 112.22 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 111.77 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as...
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!
CAD JPY PRICE - BACK TO BALANCE THE LIQUIDITY AT SUPPORT ZONE make a short entry as shown in the picture till 110.372 marked price line follow for more live updates
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...
Attention Traders, In today's trading session, our attention is on CADJPY, with our focus directed towards a potential selling opportunity around the 112.400 zone. CADJPY is nearing a significant resistance line, marking the 112.400 supply zone. Adding depth to our analysis, it's imperative to consider the fundamental landscape. The escalation of tensions in the...
CADJPY: Will The Correction Continue? CADJPY has been moving within a major corrective pattern for about a month. After the downward movement created today by the news regarding Israel and Iran, the price managed to recover the lost ground again. However, as long as the price will be stuck in this area, chances are that it will move up and down for an...
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...
💹 Let's dive into another forex currency pair for trading analysis. 🔍 The Japanese yen (JPY) continues to weaken against other major currencies such as EUR, USD, and GBP, including the Canadian dollar (CAD), losing its value. 🕰️ In the weekly timeframe, if the current candle closes similarly, we observe strong buying pressure, with last week's two red engulfing...
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CADJPY pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️
CADJPY is just above the bullish barrier on its 1D technical outlook (RSI = 58.297, MACD = 0.230, ADX = 26.548) despite the fact that it is near the HH trendline of the Ascending Triangle and supported at the same time by the 1D MA50. Technically this calls for a decline and the minimum inside this pattern is the 1D MA200 (TP = 109.350). If it crosses over the HH...
CAD JPY - GET READY TO TAKE A SHORT ENTRY as we can see that liquidity got filled up at resistance zone now price will be back to the support zone make a short entry as shown in the picture follow for more live updates
CADJPY is currently in a sideways trend, therefore the application of support and resistance trading strategies is suitable.
Price currently trade at 111.905. A potential level to go long after price shows a strong rejection in H4 timeframe. A Buy opportunity is envisaged from the current market price
Look for the trail downwards Rectangle Top Reversal Downwards move back to support