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
Hello,Friends! CAD/JPY is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level...
Potencial to start monthly short at this pare Weekly RSI indicator start to show strong short
Price just completed a retrace close to previous day High (H4 high) a sell opportunity is envisaged from the current market price as we anticipate bearish price action to develop away from the current market price . Target- PWL
Hello Traders! CADJPY - At the moment I see a bullish structure on the h1 and h4 timeframe, favoring short positions. I'm looking for a potential short opportunity if the price will retrace from the FVG. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to...
DAILY - Bullish impulse, now in corrective phase (?) - Head and shoulder pattern (line chart) WEEKLY - Last candle close bearish - Weekly highs 4 HOUR - Bearish impulse - Head and shoulders pattern
CAD/JPY could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 111.95 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 112.58 which is a level that sits above a pullback resistance. Take profit is at 111.03 which is a pullback support that aligns...
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.
The outlook for CADJPY is bullish. Price is forming an ascending triangle and is currently trading near resistance. There are three possible outcomes for CADJPY: Price breakout to the upside. This is the most likely scenario, as the price is forming an ascending triangle and is currently trading near resistance. Price bounces off of support and continues to...
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
CADJPY is showing resistance and support at different levels. Trade is placed considering a pullback at resistance.