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Cadjpylong

vTechnical Analysis: The price is trading inside a bullish flag formation where the pair is moving to the downside by retracing toward the area of confluence. This zone is made by the 38.20% Fibonacci retracement level, the support, and the lower end of the channel. This could cause a huge move to the upside toward our target profit. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 90.16 Take Profit @ 90.76 Stop Loss @ 89.96 Trade Safely 🙂
Long
by Forex-Robot-Nation
CAD/JPY | Potential Upward Movement 🚀 Technical Analysis: The price is trading inside a bullish flag formation where the pair found buyers around the 61.80% Fibonacci retracement level and led to a breakout of the flag formation to the upside. Now the price is stuck above the highlighted zone where we could see a rally again toward the target profit. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 89.97 Take Profit @ 90.63 Stop Loss @ 89.69 Trade Safely 🙂
Long
by Forex-Robot-Nation
CADJPY - Bullish BiasCAD - BULLISH 1️⃣ The Bank of Canada (BoC) held its interest rate unchanged at 0.25% during the April meeting, as widely expected, however, the bank said it will adjust weekly net purchases of Government of Canada bonds to a target of CAD 3 billion from CAD 4 billion, effective the week of April 26. 2️⃣ Oil prices rose on Monday after a major cyberattack forced the shutdown of fuel supply pipelines in the US. JPY - BEARISH 1️⃣ A modest pick-up in US Treasury yields could undermine the JPY. ===== Technical ===== We are buying the CADJPY on support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
CADJPY - BULLISH BIAS===== MARKET OUTLOOK ===== CAD - BULLISH 1️⃣ Faster vaccine roll-out in Canada may keep fueling hopes of a faster exit from current restrictions and offsetting the negative impact of deteriorating data flow. 2️⃣ Oil prices jump as much of vital pipeline remains shut down following cyberattack. 3️⃣ Bank of Canada was the only central bank to tighten in April. JPY - BEARISH 1️⃣ Japan's extended state of emergency over the coronavirus pandemic till the end of May. 2️⃣ Good momentum in global equities continues. ===== TECHNICAL ===== We're looking to long this pair on RBS level + SMA50 area on H1 chart. ===== RISK TO THIS TRADE ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
CADJPY facing bullish pressure | 03 May 2021Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension . If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci retracement and 161.8% Fibonacci extension . EMA is also below prices, showing a bullish pressure for prices.
Long
by FXCM
4
CADJPY facing bullish pressure | 03 May 2021Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension. If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci retracement and 161.8% Fibonacci extension. EMA is also below prices, showing a bullish pressure for prices.
Long
by FXCM
1
CADJPY facing bullish pressure, potential for further upside!Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension. If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci retracement and 161.8% Fibonacci extension. EMA is also below prices, showing a bullish pressure for prices.
Long
by TradeGATEHub
CADJPY Long playWe are seeing an opportunity to profit from an awesome trade that has a lot of probabilities to play out both fundamentally and technically. Fundamentals are looking solid not only because this is a positive carry trade, but also because Central Banks have shown recently this week completely oposite views on how they expect their currencies to perform in the near future. On the One hand the Bank of Canada released a statement where they did cut down their QE program and it was clearly stated that they are planning on raising interest in the near future : "We expect inflation to ease back toward 2 percent in the second half of this year and fall further due to the excess capacity in the economy." On the other hand we have a very dovish Bank of Japan that is willing to do whatever it takes to lower its currency: For the time being, the Bank will closely monitor the impact of the novel coronavirus (COVID19) and will not hesitate to take additional easing measures if necessary, and also it expects short- and long-term policy interest rates to remain at their present or lower levels. Very good. On the technical side we have an already bullish trend in place. We currently got a rejection from the Daily 50 EMA after an ABC correction. On the intraday however, we have got an overextended run that occurred after the initial news releases. Since we may get a "buy the rumor, sell the fact" kind of effect on the CAD monetary policy, I am looking for the cad to create a proper pullback on the 4H chart that will give us an entry to get long and ride this move higher. Potential targets for me will be the next fibonacci extensions. Trade would be managed accordingly depending on how price reacts to those levels.
Long
by Murci
5
CADJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
CAD/JPY BUY IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you. As always we will have to waot for a confirmation! CAD/JPY: Day-Swingtrade-Preparation Yesterday we`ve seen the first step towards a tighter monetary policy when the Bank of Canada announced it will lower its quantative easing and so the liquidity they provide to the market as the economy improved way better than expected. Additionally, there were hints about upcoming rate-hikes, which is why the Canadian Dollar pumped very hard. Market-Buy: 86.590 Stop-Loss: 86.100 Point of Risk-Reduction: 87.115 Take-Profit: 88.130 Stop-Loss: 49 pips Risk: 0,5% -1% Risk-Reward: 3,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
4