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CADJPY

CADJPY Is Going Down! Sell! Here is our detailed technical review for CADJPY. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 99.970. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 99.105 level. P.S Oversold describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
6
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG. - The reason for that is because the Central Bank of Japan did not intervene in the long term to strengthen the JPY, they are strengthening the JPY in other ways without raising the rate. Meanwhile, the price of OIL has gone down a bit, so the CAD has become very weak in the last few days. Anyway, as expected in the BOC RATE DECISION the other day, the RATE HIKE was done. - But somehow the CANADIAN CENTRAL BANK has become HAWKISH. Therefore, CADJPY should definitely be slightly UP until the 105.00 LEVEL. Before that, there is definitely a very high possibility to sell to 98.78 LEVEL. So FOLLOW STRUCTURES. If JPY becomes strong, it can sell at 93.01 level.
by benny_marshall
cadjpy h8 short from resistance tp 95.00🔸Hello guys, let's review the 8 hour chart for CADJPY today. We got clean swings recently and right now expecting new swing high based on the extension of the prior swing. 127 extension near 102.00 expecting a reversal / price will max out 🔸The recent swings in CADJPY are almost 500 pips wide, so this makes this pair great for position traders. Currently risk/reward shifting in bears favor as we are overextended. 🔸Recommended strategy for CADJPY position traders / swing traders. Bears focus on short selling high near premium prices close to 102.00. TP1 bears is +300 pips TP2 bears is +400 pips. Short-term expecting more gains before price hits resistance / maxed out near 102.00 to complete the swing extension (127 ext). 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
46
CADJPY PLAN!Hello traders around the world! I want to talk about CADJPY and what I'm planning on this pair for this week. First of all, If you go back to the weekly chart, you can clearly see that the price reached a mass psychological level since Dec 2014 (106.501). On Monday 18 Apr 2022 the price started to create an ascending channel till Monday 07 Nov 2022 reaching the mass psychological level since Dec 2014 (106.501). The price broke to the downside impulsively and might be currently forming a bearish correction. Now, moving to the 4H Timeframe, we have two rejection lines: 1st one: 101.204 2nd one: 100.863 We can also draw an upper trend line If we connect these previous two prices & we can see that the current price is just under the upper TL. I am currently looking for a reversal pattern on the 1H chart for a short position. I am also considering the rejection lines as mentioned before. Patience is key. #THEPRIMES
Short
by alex_k_95
CAD/JPY Trading Opportunity! SELL! My dear subscribers , My technical analysis for CAD/JPY is below: The price is coiling around a solid key level - 100.074 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 99.180 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1