CADJPY According to the candle formations, at 106.689/106.512 is a good probability for buy....if I'm wrong I'm taking the lose. I'm not a financial advisor I just share my personal analyses and risk which I'm taking
๐จ Fear & Greed Index Current: Neutral (50/100) โ๏ธ Balanced emotions โ neither panic selling nor overbuying frenzy.
๐ Fundamental & Macro Scores Fundamentals (Economic Data & Policy): 6/10 ๐ก Solid Canadian employment beats expectations, but Japan's steady GDP supports JPY.
Macro Outlook (Global Trends): 5/10 ๐ก Trade barriers and rate cut talks create mixed signals; oil prices aid CAD slightly.
๐ Overall Market Outlook Bear (Short) ๐ Expect mild JPY gains short-term due to institutional caution and macro headwinds.
CADJPY Price is currently trading between strong support and resistance levels. A pullback to support is expected before a potential reversal upward toward the target resistance zone. Watch for confirmation at support for a buying opportunity.
Fear & Greed Index ๐จ๐ Current Level: 38/100 (Fear zone) ๐จ Investors are cautious, with selling pressure due to global market uncertainty. Low greed indicates limited buying enthusiasm.
Fundamental Score (0-100) ๐ Score: 45 ๐ Key Drivers: Canada: CAD weakened by U.S. trade tariff risks (25% auto tariffs effective April 2025) and slowing economic growth. ๐ ๏ธ Japan: JPY supported by strong wage growth (+4.1% YoY in July) and BoJ policy normalization. ๐ช Summary: Fundamentals favor JPY over CAD.
Macro Score (0-100) ๐ Score: 40 ๐ Key Factors: Global risk-off sentiment due to U.S. economic slowdown (August jobs: 22,000 added vs. 75,000 expected). ๐ฌ Narrowing U.S.-Japan yield spreads strengthen JPY. ๐ Summary: Macro conditions lean bearish for CAD/JPY.
Overall Market Outlook ๐งญ Bearish (Short) ๐ป Reason: CAD faces pressure from U.S. tariffs and global demand slowdown, while JPY gains as a safe-haven with BoJ support.
Quick Takeaways ๐ CAD/JPY trending lower, driven by yen strength. ๐ Retail and institutional traders bearish, with institutions more cautious. ๐ Fear dominates, with low greed levels. ๐จ Fundamentals and macro favor JPY. ๐ช Short-term outlook: Bearish, watch U.S. data and tariffs. ๐ป