BUY TRADE SETUP ON CADJPYHey Traders,
Check this trade analysis out on CADJPY.
A possible bullish run can be look for at any area of breakout of the symmetrical triangle.
Watch out.
Cad-jpy
Analyzing CAD/JPY's Upward Trajectory Amidst USD/JPY's BullishThe CAD/JPY currency pair has been exhibiting sustained growth across various timeframes due to its significant correlation with USD/JPY. Notably, the USD/JPY pair has been experiencing a robust bullish trend, exerting downward pressure on the JPY and creating favorable conditions for the CAD to appreciate. A recent development of note is the price breakout of the Ascending Triangle pattern on the H4 timeframe. In light of this, our analysis suggests the likelihood of a new bullish continuation, aligning with the prevailing uptrend direction.
CAD/JPY - Long- Ascending triangle; looking for breakout above resistance level 102.95
- In line with overall bullish trend
- Strong rejection at support zones
- Indicators showing potential for bullish movement
CADJPY: Classic Bullish Accumulation 🇨🇦🇯🇵
CADJPY is trading in a bullish trend on a daily.
The price has formed an ascending triangle formation respecting 101.8 resistance.
I believe that the next trend-following movement will initiate after a bullish breakout of the underlined blue area.
Daily candle close above will confirm a violation.
A bullish continuation will be expected to 103.0 level then.
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CADJPY - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for CADJPY.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
CADJPY: The 1D MA50 is crucialCSDJPY is on the rising Channel of its medium term Channel Up, rebounding on the 1D MA50. The 1D technicals are neutral (RSI = 53.031, MACD = 0.270, ADX = 28.072) and that always favors technically the dominant trend. So as long as the price is inside the rising Channel, our target will be the 1D MA200 (TP = 101.350). If a candle closes under the rising Channel and ideally the 1D MA50 as well, we will sell targeting the bottom of the Channel Up (TP = 96.000).
The 1D RSI is on a HL trendline. Technically a low risk buy will be on that line.
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CADJPY Rejected on the 1D MA200. Is this a trend change?The CADJPY pair got a rejected yesterday near the 1D MA200 (orange trend-line), which hasn't been touched since November 30 2022. Since the March 24 Low the price has been trading within a Channel Up but the long term pattern is a Megaphone and yesterday's rejection took place on its top (Higher Highs trend-line).
With the 1D MACD about to make a Bearish Cross, this is a Triple Sell signal on the long-term. As long however as the 1D MA50 (blue trend-line) and the Channel Up hold, we can buy and target short-term the 1D MA200 at 101.500. If however we close a 1D candle below the Channel Down, the Sell Signal will be confirmed and we will target 95.200 (above the Support Zone) and 93.500 (Megaphone's bottom) in succession.
P.S. It's been almost 4 months since we called for a bullish divergence on CADJPY:
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CADJPY CorrectionCADJPY is possibly correcting and might retest the 100 moving average, Fibonacci level of 61.8%, and the convergence of two local trends before resuming its downward movement.
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GBPJPY SELLWe have a deal on the pound yen that is approaching a very strong supply area and approaching a head and shoulders formation
SMCThis is a great deal that brings a lot of money with little risk and with a simple analysis, look at the picture carefully and then take your deal
cad jpycad jpy
price should go down from her to finish the correction i believe that should make anew down ster from here
CADJPY still bullish continuation expected
Hi viewers, CADJPY in last periods strong bullish trend, price is bounce on zone, here expecting bullish push continuation
TP1:101.100 (100)
TP2:101.600 (150)
TP2:102.100 (200)
CADJPY Potential ReversalHey Traders, in the coming week we are monitoring CADJPY for a selling opportunity around 100.2 zone, CADJPY is in a correction phase in which it is approaching an important supply area of 102. I would also consider the trade for a potential JPY strength since the market is expecting some major changes in BoJ monetary policy.
Trade safe, Joe.
CADJPYI think it's time to watch short position. Because now you're seeing bearish pattern so it's mean market bearish
CADJPY: Mixed patterns. Trade these levels only.CADJPY is trading inside a Channel Down pattern with the 1D technicals neutral (RSI = 51.739, MACD = -0.070, ADX = 39.994). Right noe the price is on the 1D MA50 and is bearish within the Channel Down targeting for its bottom (TP = 94.250).
In spite of that, with a 1D RSI on HL and last time the price was on the 1D MA50 from a leg up, extending to the top of the Channel Down, we might see the emergence of a Channel Up targeting the 1D MA200. As a result, if we see a break over today's High, we will buy and target firstly Fibonacci 0.382 (TP = 100.400) and secondly Fibonacci 0.5 and the 1D MA200 (TP = 102.000).
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CADJPY could go up buy!keep longing it untill it breaks the trendline. if it breaks below I will give a new call ;)
CADJPY Potential DownsidesHey Traders, in the coming week we are monitoring CADJPY for a selling opportunity around 99.400 zone, CADJPY is trading in an uptrend and now seems to be in a correction phase in which extending pullbacks are approaching the major trend around 98.4 resistance zone. We would also consider potential JPY strength as there are expectations about major changes in BoJ monetary policy.
Trade safe, Joe.
CADJPY Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring CADJPY for a selling opportunity around 95.600 zone, CADJPY was trading in an uptrend but with current classic safe havens strength CADJPY seems to breakout the trend and now seems to be retesting the trend so we will be watching a potential retest around 95.6 support and resistance zone.
Trade safe, Joe.
Expecting 800 to 1000 Pips Bearish Move In Cadjpy seems like cadjpy finally getting ready for reversal
forming ascending broadening wedge in 2days timeframe incase of breakout expecting 800 to 1000 pips bearish move
wait for breakout to be confirmed for entry
CADJPY Confirmed sell.The CADJPY pair broke below the January 19 Low and the Arc pattern is giving the same confirmed sell signal it gave on November 11 when this multi-month downtrend had started. Even though the downside may be quite significant if it imitates the whole November - December move (-14.22%), we will target 90.000, which is the top of the 1 year Support Zone, slightly above the 1W MA200 (red trend-line).
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CADJPY Potential DownsidesHey Traders, in today's trading session we are monitoring CADJPY for a selling opportunity around 96.6 zone, CADJPY is trading in a downtrend and now seems to be in a correction phase in which it approach the major trend around 96.5 Support and Resistance zone. i Expect JPY to continue outperforming commodities as JPY is considered a safe haven in such a risky environment with Banking sector crisis.
Trade safe, Joe.
CADJPYGood Night :)
GBPAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
CADJPY Potential RetraceHey Traders, JPY seems to be recovering. CADJPY was trading in an uptrend and successfully managed to break it out. now in a correction phase and we are watching a potential retrace of the trend line around 99 supply and demand zone. if it retraces properly i would expect 97.2 as it's considered the major next resistance and support zone.
Trade safe, Joe.
