Analysis on CADJPY [ 27 February 2024]good day fellow viewer. I am new to this youtube thing so I'll just be posting my analysis on certain pairs everyday. I am not an expert or a pro, I just enjoy analysing charts. Please enjoy and also enjoy the upcoming videos. I don't provide financial advice or sell anything. All the videos will just be my personal thoughts on which direction price will go. These are not signals but you can use my videos as an idea. You are all free to share your thoughts in the comment section. Please like the videos and subscribe. Thank you.
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Cadjpyanalysis
Capitalizing on CAD/JPY: Seizing Selling Opportunities Amid ExteHey traders,
Let's talk about CAD/JPY and the lucrative selling opportunities it presents amidst changing external liquidity conditions.
With two significant liquidity takeouts, the market is signaling potential turbulence. It's a critical time to adapt your strategy and capitalize on selling opportunities.
Utilizing the SIBI analysis:
Strength: Evaluate the strength of CAD and JPY individually, looking at economic data and market sentiment.
Interest: Assess market interest in CAD/JPY through trading volumes and sentiment indicators.
Balance: Gauge the balance between supply and demand, watching key levels and chart patterns.
Imbalance: Identify any market imbalances that could favor selling, such as overbought conditions or divergences.
If you're eyeing a sell position, wait for confirmation signals that align with your strategy. Manage your risk diligently and stay disciplined.
Remember, trading carries risk. This analysis serves for informational purposes only. Good luck out there!
Cadjpy Short Analysis Or Chart As of now, it may touch back the upper level a bit. then
It will come back after touching a resistance which you can see on this 4 hour chart.
If we talk about the weekly trend, then the weekly trend will also go down with strong formations and it includes strong candle formations.
you Can sell it from 111.75-111.85 Area and you can use Stop loss 112.55
First Target of this trade is 110.55 and for second Target you can Hold it for 109.50 Level
CADJPY - Potential long ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 111.000.
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DeGRAM | CADJPY in bullish trendCADJPY is moving up the ascending channel, making higher highs and higher closes.
The market made a higher low, and it closed above the level of 111.000.
On the higher timeframe, we can see the market is extremely bullish.
We expect a bullish move since the major trend is bullish.
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CADJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity CADJPY
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CAD/JPY Technical Analysis and Trade IdeaMarket Observations: CAD/JPY has demonstrated a sustained bullish trend. However, the monthly timeframe indicates the pair is overextended. Furthermore, a double top pattern on the 1D chart suggests a potential retracement to the 50-61.8% Fibonacci levels. This zone could provide the necessary liquidity for major market players to accumulate long positions.
Trade Strategy:
Short Entry: Consider a counter-trend short entry at the current price level with a stop above the highs. 1:1 RR.
Buy Entry: Target a buy entry near the 61.8% Fibonacci retracement level to capitalize on potential long positions initiated by larger institutions. SL at the lows and targets as mentioned in the video.
Disclaimer: This analysis reflects my personal perspective and should not be misconstrued as financial advice. Always conduct your own thorough research and assess your risk tolerance before entering any trades.
Canadians feeling stressed when they deal with Japanese!!Canadian Dollar Japanese Yen traded at 110.6680 this Monday February 12th, decreasing 0.2697 or 0.24 percent since the previous trading session. Looking back, over the last four weeks, CADJPY lost 1.94 percent. Over the last 12 months, its price rose by 11.42 percent. Looking ahead, we forecast Canadian Dollar Japanese Yen to be priced at 111.2592 by the end of this quarter and at 112.3501 in one year, according to Trading Economics global macro models projections and analysts expectations.
CADJPY!! 12/2/2024 BUY signal support zone⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
CAD JPY is in a nice rising trendline, trading stably on the EMA lines, touching the nearest support zone, setting up a BUY signal.
⭐️ SET UP CADJPY PRICE:
🔥BUY zone: 110.450 - 110.300 SL 109.800
TP1: 110.700
TP2: 111.000
TP3: 111.300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
CADJPY to 2007 resistance levelsStarting from March 2021, there has been a notable uptrend movement in the stock prices, breaking the price level of 84.7 and reaching a peak of 111.2 in September 2022. Following this, a correction occurred, forming a double bottom pattern within the range of 94.4 in March 2023, and now the prices have returned to the previous range of 111.2.
At present, we are encountering a significant historical resistance level, previously reached in 2007 around 116.5, followed by 125.7.
As a result, we remain in a long position but expect a short-term sideways movement. However, if the prices drop below 104.5, our position will change, and we may experience a short-term downtrend.
However, it is important to consider the risk-to-return ratio before taking any position. Assessing the potential risk and potential reward is crucial in making informed trading decisions.
It's worth noting that the analysis provided is based on the information given and assumes the accuracy of the mentioned technical indicators. However, market conditions can change rapidly, and it's always important to conduct comprehensive and up-to-date analysis before making any investment decisions.
CADJPY → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up levels for BUY . CADJPY long from Support
! Great BUY opportunity CADJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
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CadJpy- Break of resistance and new highs are expectedAfter the dip and the double tap in 104 support back in December, CadJpy started to rise again and resumed its long-term bull trend.
Now the pair is trading back to important 110 zone resistance and a break up seems imminent.
The recent dive under 109 was quickly reversed, which also adds to my bullish perspective.
In conclusion, as long as the recent low is not violated, I expect an up continuation and CadJpy could rise towards 115 in the medium term.
For shorter term traders, 112 is also a good target with 1:2 risk:reward
#CADJPY → Movement in the ascending channelIn time h4, it is moving in an upward channel, which is currently in the supply zone. If the area breaks upwards, it will be able to reach the ceiling of the channel, otherwise, if it faces a negative reaction, with a shorter ceiling, you can enter a sell position until the bottom of the ascending channel.
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CADJPY - Look for taking liquidity ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in an accumulation phase, so I expect we can see AMD pattern, price firstly to take buy side liquidity and then to distribute lower for sell side liquidity.
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H1 | CADJPY | BUY TREND BUT WEEKLY RESISTANCEHello everyone ...
market is on buy trend/ BUT price may respect this weekly resistance.buy for short term.
Use good RISK management only thing important in Trading is how you manage your trade...
WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT..
.. good luck..
CADJPY Pair : CADJPY ( Canadian Dollar / Japanese Yen )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance Level. Double Top Pattern as Correction in Short Time Frame and Long Time Frame and Rejection from its Second Top. Strong Divergence in RSI
CADJPY Short| Day Trading AnalysisHello Traders, here is the full analysis.
I expect the market to fall and short it from resistance, levels for SELL . GOOD LUCK! Great SELL opportunity CADJPY
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
CADJPY I Potential long following CAD Rate NewsWelcome back! Let me know your thoughts in the comments!
** CADJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CADJPY - Bullish market structure ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement and there is a confluence for a potential long if price rejects from support zone + trendline + FIBO 0.5 level.
Fundamental news: Next week on Tuesday will see results of Interest Rate in Japan and on Thursday in Canada. News with high impact on currencies, so pay attention to the results in order to validate the analysis.
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Which Way For CADJPY, Are we going to short it? {18/jan/2024}Educational Analysis says CADJPY may move in this range for some time according to my technical.
Broker - FOREX.com
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because CADJPY is start to go down after respecting supply trendline, If not then it will break resistance level to make new higher high.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.