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Cadjpylong

Long Vision on CAD JPYHello Dear Traders, You find below my analysis for CAD/JPY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame CAD/JPY will rise to 88.65 as I am showing in my chart (61.8 Fibonacci). Our Weekly Goal is 89.15. Currently,CAD/JPY is moving towards the support level of 88,25 where there is some liquidity, from this value we are looking for short-term buying opportunities of CAD/JPY. BoC will be announcing their monetary policy decision later and it is expected that BOC will be holding interest rate unchanged at 0.25%.  Good Luck and enjoy your Bullish Market. Entry:@ 88.15 TP1: 88.45 TP2: 88.65 TP3: 89.15 SL: 88 Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Long
by HugoAJROUCHE
CADJPY - Bullish BiasCAD - Strong Bullish 1️⃣ CAD has been supported by rising crude oil prices. 2️⃣ The Bank of Canada has been one of the first developed country banks to announce a tapering in its QE program as the bank adapts to improving domestic economic conditions. 3️⃣ Canadian IVEY PMI and employment data will be released later this week and expected to increase higher. JPY - Strong Bearish 1️⃣ JPY pressured as market sentiment turned risk-on following positive US jobs data. ===== Technical ===== We are buying the CADJPY around support + above SMA 50 + at the pivot point on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia