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JAPANESE YEN / CANADIAN DOLLAR

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CADJPY Sellers Target Key Support as Momentum FadesCADJPY has slipped after failing to sustain momentum above the 107 handle, and the price action now leans toward renewed downside pressure. The chart structure shows repeated rejections and lower highs forming, which opens the door for a deeper pullback. With oil prices struggling to hold gains and JPY catching periodic safe-haven bids, this cross looks vulnerable to further declines. Current Bias Bearish – CADJPY is showing weakness with sellers eyeing lower support levels. Key Fundamental Drivers CAD: Weak Canadian labor market data and rising BoC rate cut expectations pressure CAD. Oil prices remain soft, removing an important support pillar. JPY: The yen continues to benefit from safe-haven demand, especially during global risk-off waves and BoJ’s gradual steps toward yield control adjustments. Yield spreads: Narrowing spreads between CAD and JPY rates reduce CADJPY’s carry appeal. Macro Context Interest rates: The BoC is leaning dovish after weak jobs and growth numbers, while the BoJ’s cautious shift away from ultra-loose policy provides structural support to the yen. Growth trends: Canada faces slowing growth amid weaker domestic demand, while Japan’s growth remains modest but steady. Commodities: Oil weakness weighs on CAD. Geopolitical: Risk-off events (tariff disputes, Middle East tensions) tend to favor JPY strength, amplifying CADJPY downside. Primary Risk to the Trend A sharp recovery in oil prices or a stronger-than-expected Canadian economic release could lift CAD and cap downside momentum in this pair. Most Critical Upcoming News/Event Canada CPI and retail sales for confirmation of BoC’s dovish outlook. BoJ policy commentary for clarity on yield control and inflation stance. Leader/Lagger Dynamics CADJPY tends to act as a lagger, often following broader risk sentiment and oil price movements. It also reacts to USDJPY moves, meaning JPY flows largely set the pace. Key Levels Support Levels: 105.95, 104.98 Resistance Levels: 106.93, 107.54 Stop Loss (SL): 107.54 (above resistance zone) Take Profit (TP): 104.98 (major support) Summary: Bias and Watchpoints CADJPY bias is bearish, with SL set at 107.54 and TP aimed at 104.98. Oil weakness, dovish BoC expectations, and resilient JPY flows all lean in favor of further downside. The key watchpoints are Canada’s CPI/retail sales and BoJ commentary. Unless oil rebounds strongly, sellers are likely to stay in control, with price action favoring a test of 105.95 and potentially 104.98.
Short
by ultreosforex
2
CAD/JPY BEARS ARE STRONG HERE|SHORT Hello, Friends! CAD/JPY is making a bullish rebound on the 12H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 106.590 level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
CADJPY: Simple Trading IdeaCADJPY: Simple Trading Idea Price is currently moving up and just broke through a strong support zone near 107.10 A possible pullback may happen near 107.10, where the price might form a bullish continuation pattern. CADJPY could continue toward the first target at 107.90 and then toward the second target at 108.71. Key Levels: Support Zone: Around 107.10 First Target: 107.92 Second Target: 108.71 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
3
CADJPY Will Grow! Long! Please, check our technical outlook for CADJPY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 106.659. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 107.622 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
retail trading strategies **review**Intro : Over the past two decades retail forex traders have gathered around a handful of trading methods, some taught by personalities, other emerging from various trading online communities. These strategies range from rules-based technical systems to conceptual frameworks and mostly try to explain large institutional behavior. Most of these strategies are the ones that i have come across in my trading journey. What this is not : a promise of riches, holy grail system, It's a technical and practical review so you can evaluate, backtest, and adapt. 1) Beat the Market Maker — Steve Mauro (i) Overview: Popularized by Steve Mauro, this approach claims that major institutions (market makers) manipulate retail orderflow to generate liquidity. The method focuses on identifying accumulation/distribution phases and the ensuing directional move. Core ideas & rules: Identify periods of consolidation where "market makers" are believed to be accumulating. Look for shakeouts (false-breaks) designed to hit stop clusters, then trade the ensuing impulse move. Use support/resistance, liquidity pools (highs/lows), and structure breaks as confirmation. Key tools: structure (swing highs/lows), volume spikes (if using a data feed that shows volume), and range breakout fails. Strengths: Provides a narrative for why false breakouts occur and where liquidity sits. 2) ICT (Inner Circle Trader) Concepts — Michael Huddleston Overview: ICT is a comprehensive set of market concepts and tactics covering market structure, institutional orderflow, liquidity, and time-of-day edges (e.g., London Open, New York Open). It mixes SMC ideas with very specific rules (split tests, fair value gaps, breaker blocks). It also important to know it's always evolving. Core elements: Market structure shifts (MSH/MSL) Fair Value Gaps (FVG) — price imbalances to be filled Order blocks — candles/areas where institutions allegedly placed big orders Optimal trade entry (OTE) using Fibonacci retracements, often 61.8–79% Time-based edges and correlation analysis Strengths: Detailed playbook with clear confluence rules — useful for disciplined traders. 3) Smart Money Concepts (SMC) Overview: SMC is an umbrella term (overlapping heavily with ICT) used to describe approaches that try to model institutional behaviour: liquidity grabs, order blocks, fair value gaps, and structure breaks. Typical rules: Wait for liquidity sweeps (wick hunts) that break obvious swing highs/lows. Identify the return to an order block or imbalance as a high-probability entry. Only take trades in the direction of higher timeframe structure. Strengths: Emphasizes risk management and trading with institutional flow. 4) Supply and Demand Trading ( my personal favorite) Overview: Basically this is the imbalance between buyers and sellers, the greater the imbalance, the greater the move. A widely used retail approach that focuses on identifying institutional footprints. The idea is that price tends to revisit these levels because unfilled orders remain. Core ideas: Supply zones: areas where heavy selling originated, typically sharp moves away from consolidation. Demand zones: areas where aggressive buying originated. Trade the first return to these zones with stop-loss beyond the zone, with the entry being the proximal price and stop loss just a few pips from the distal price. Strengths: Provides clear areas of interest for entries/exits, often aligning with institutional footprints. 5) Price Action (Naked Trading) & Candlestick Patterns Overview: Pure price action traders use raw price and candle formations (pin bars, inside bars, engulfing patterns) rather than indicators. Core ideas: Read support/resistance structure Use rejected wicks/pin bars as entry signals Combine with orderflow context (higher timeframe structure) Strengths: Lightweight, transferable across markets, robust if rules are clear. 6) Wyckoff Method Overview: A classic institutional-style framework (dating earlier than 20 years but widely revived) focusing on accumulation, markup, distribution, and markdown phases. Core ideas: Identify phases (A–E) and spring/spring failures Volume and price structure show the footprints of large operators Strengths: Provides a stage-based map of market cycles; excellent for swing traders. 7) Order Flow / Volume Profile (Footprint-style thinking) Overview: Order-flow traders analyze where traded volume clusters and how price reacts to those clusters. In spot forex, exact volume data is limited, traders use tick volume or correlated markets. Core ideas: Volume Profile shows value areas, POC (point of control), and high-volume nodes Rejections from value areas often lead to directional moves Strengths: Gives a textured read of where supply/demand imbalance exists. 8) Trend-following & Moving Average Systems Overview: Simple, time-tested approach using moving averages, breakouts, and momentum to ride sustained trends. Core ideas: EMA crossovers (e.g., 8/21/55) or price above/below a long MA Use ADX or RSI to confirm trend strength Strengths: Low subjectivity, easy to automate, works well in trending markets. 9) Grid & Martingale (Controversial retail staples) Overview: Grid and martingale methods place multiple orders at fixed intervals or double down after losses. Core ideas: Grid: place buy/sell orders at intervals to capture mean reversion. Martingale: increase position size after losses to recover. Strengths: Can generate small, steady returns in low-volatility ranges. 10) Fibonacci & Harmonic Trading Overview: Fibonacci retracement/extension levels and harmonic patterns (Gartley, Bat, Butterfly) are price geometry approaches used for precision entries. Core ideas: Use Fibonacci retracement for pullback entries (38.2 / 50 / 61.8) Harmonic patterns require precise ratios to qualify, the same fib levels. Strengths: Clear entry/target geometry; widely taught, backed by math gods (hahaha) nerdy advice: Backtest before you believe. Use TradingView’s strategy tester or export historical bars for offline testing. Define objective rules. Ambiguity kills consistency; translate concepts (e.g., "order block" or "demand zone") into a reproducible rule set. Risk management is king. Use fixed fractional sizing, stop-loss placement based on structure, and stress-test for tail events. Simplicity beats complexity. Too many overlapping rules reduce clarity and make optimization fragile. Document setups. Save your @TradingView ideas with full annotation so you can later audit winners and losers. put together by : Pako Phutietsile as @currencynerd *** i also like supply and demand because most these strategies use supply and demand but under different titles, for example an ict trader calls supply and deand CP,s order blocks..
Education
by currencynerd
2
CADJPY Rejection at Key Supply Zone – Bearish Move Ahead?Hello Traders! 👋 CADJPY is showing signs of weakness after testing the 107.478 – 108.504 supply zone. Price broke below the ascending trendline and is now retesting it as resistance. If this rejection holds, we could see strong bearish momentum pushing price toward the 104.644 support zone. 🔑 Key Levels to Watch: Resistance Zone: 107.478 – 108.504 Current Price: 106.85 Next Bearish Target: 104.644 ⚡ Bias: Bearish if rejection holds below 107.478. A clean close above 108.504 would invalidate this setup. 📌 Technical Confluence: Trendline break ✅ Supply zone retest ✅ Lower highs forming ✅ What do you think? Will CADJPY respect this supply zone and drop, or will the bulls reclaim control? 💬 Drop your thoughts below & let’s discuss! 👍 Don’t forget to like, share, and follow for more setups. ❤️
Short
by FrankAgbo