Get started

CADJPY

CAD/JPY Bullish Breakout: Navigating Strong Upward MomentumFollowing a solid breakout above recent resistance levels, CAD/JPY is demonstrating strong upward momentum, underscored by a well-established ascending trend line. The pair is currently setting its sights on the 118 level, a move fueled by robust trading volumes and bullish sentiment. This chart provides a technical analysis of the ongoing trend, focusing on key resistance-turned-support points and potential future trajectory. Traders should watch for continued support along the ascending trend line, which could play a crucial role in sustaining the upward movement. Keep this pair on your radar as it approaches the critical 118 level, signaling potential opportunities for bullish entries.
Long
by GlobalMarketGuru
CADJPY What Next? SELL! My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 114.80 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 114.37 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
CHFJPY - Biggest Trade Of The Year! CHFJPY is setting up to what could be the biggest trade of the year. We are anticipating a drop of atleast 1,600pips! We are currently in an ending diagonal indicating that we have almost completed this bullish wave and that we should be ready for to sell. The breakdown of the ending diagonal is as follows: 5 waves consisting of 3 subwaves each. We are in the final 5th and final wave and looking for a massive breakdown soon. Please note that the 5th wave can extend or fall short of the diagonal resistance so do take that into account. Trade Idea: - Watch for signals of reversal - once seen, enter with stops above highs - Targets: 167 (900pips), 160 (1600pips), Swing TP: 148 (2800pips) You do to have to risk big to win big when it comes to swing trading! Goodluck and as always, trade safe!
by WicktatorFX
5
CADJPY | Short H4 | Market Exec |Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 a time-frame. - Price action is reversed off the Supply Zone - Targeting the other Demand Zone - Price action looks like it will retrace first before grinding up higher. Suggested Trade: Entry @ Area of Interest 113.70 - 114.20 SL @ 114.92 TP 1 @ 112.92 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 111.82 Risk-to-Reward @ Approx. 2.06 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
Potential bullish rise?CAD/JPY has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance. Pivot: 113.02 1st Support: 111.66 1st Resistance: 114.23 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
CADJPY - 4hrs ( Sell Trade Target Range 180 PIP )☑️Pair Name : CAD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🛡 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Retest 114.500 Area Reasons - Major Turn level - Pattern Retest - Day / week low Break - VisibleRange Hvn - inner counter Trend Bullish Reversal 112.800 Area Reasons - Major Turn level / W - Pattern Target - Choch Zone - Fixed Range Hvn - Quarter High Area - Major Channel Middle Band
Short
by GoldenEngine
CADJPY relentlessly bullish - going towards multi-year highsIchimoku Kinko Hyo is a complete trading system and I will be using it a lot more than I have been. Here are my reasons for continuing to be bullish on this pair: Tenkan sen (Conversion Line) thick blue crossed over Kijun sen (Base line) red line. Price – holding above the Kumo cloud Chikou Span (Lagging Span) black line is holding above price and the cloud. Kumo Cloud now – green color indicating bullish bias. Kumo Cloud future – green color indicating bullish bias. Thursday candle - hammer For stop, I will be trailing it below the Kijun sen. Target should initially be just below the recent (spike) multi-year high at 117.330. My trade idea is 1 day late, should have taken a long trade on Fri after the hammer candle but I did not see it. Pull backs usually happen and a nice big pull back would be very welcome as it would give a better entry. This is not a trade recommendation. Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Long
by Trading_Vista
3
Strifor || USDCAD-31/05/2024Preferred direction: SELL Comment: During the American session today we are expecting a lot of data, including one of the key indicators, namely Canada's GDP . Unlike other majors, the USDCAD currency pair has more chances to fall than to rise, although at the moment everything looks in favor of the American. It is best to consider the deal closer to the American session and we highlight two scenarios. It should be noted that since there is a high probability of volatility, it is better to consider both transactions at the same time, that is, you can gain a position gradually with an overall stop loss slightly above the level of 1.37438. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
CADJPY Trading Opportunity! SELL! My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 114.97 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 114.10 My Stop Loss - 115.51 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
CADJPY Buy signal initiated. Channel Up intact.The CADJPY pair extended the Channel Up flawlessly and hit our latest Target (April 02, see chart below): The price is now breaking above the short-term Ascending Triangle, which within the long-term Channel Up has always issued a buy signal after the price approached the 0.382 Fibonacci retracement level. The immediate Target on both previous break-outs has bee the -0.382 Fib extension. The 1D RSI is also posting that pre break-out consolidation. As a result we turn bullish again on this pair, targeting 116.500 (slightly below the -0.382 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Strifor || USDJPY-29/05/2024Preferred direction: BUY Comment: The probability of a fall in the instrument remains, as we wrote about earlier, but we need to consider the global direction as a priority. As for the medium-term prospects, most likely they will develop in favor of the buyer, as well as the long-term prospects. The focus is on the resistance level of 160.209 , this year's high. We consider scenario №2 after the price approaches support at level 153 , but it is not advisable to try to short here. Scenario №1 is a priority, as are medium-term long in general. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || USDCAD-29/05/2024Preferred direction: BUY Comment: The USDCAD currency pair is also considered today more from the point of view of buy-priority. Here the growth target is the resistance level 1.37438 , which is a local maximum. In the medium term, growth is expected to be even higher. The most likely scenario №1 speaks of maximum growth from current prices, and this applies not only to this instrument, but also to most other major pairs. But a sharp drop to the level is also not excluded. 1.36000 . This could happen against the backdrop of the publication of data on US GDP , for example. However, the medium-term prospects (scenario №2) for this instrument will most likely develop in favor of the buyer. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1