cadjpy daily chart analysiscadjpy broke a major trendline on the chart if it manages to close above last high which is above the purple rectangle we will then enter our buys
Cadjpylong
CADJPY - Bullish BiasCAD - BULLISH
1️⃣ Bullish sentiment across global markets prompted investors to buy riskier assets.
2️⃣ Coronavirus vaccination rollout is raising prospects of a swift economic recovery in the new year, although the pandemic is still far from controlled.
3️⃣ The Canadian economy advanced 0.4% in October, the 6th straight month of growth and the Manufacturing PMI for December was the strongest on record.
4️⃣ Rallied in oil prices boosted the CAD.
JPY - BEARISH
1️⃣ Prime Minister Suga Yoshihide is expected to impose a state of emergency later this week as Japan confirmed over 4,900 new infections on Tuesday, marking the highest daily tally yet.
2️⃣ The positive risk tone could pressure the safe-haven JPY.
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Technical
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We are looking to buy the CADJPY above the RBS + above SMA 50 on the H1 chart.
CADJPY Long IdeaBeen sideways trending for a bit. But here is a potential break into a rally up for this pair.
CADJPY / LONGI missed the daily trendline yesterday... price was rejected and looks to be heading up
CADJPY Up ChannelWe can see market is going up in a up side channel. so it may test its previous support and then will go to resistence.
cadjpy will be going long once price is cross 81.047once cadjpy cross 81.047 will form a new higher level .
cadjpyWhile CAD/JPY rates are still hovering below resistance that is constraining a breakout.it’s too soon to say that the CAD/JPY bullish breakout attempt has been denied. It remains true that clearing 81.58 and 81.91 would be strong indications that CAD/JPY rates were embarking on an earnest bullish breakout attempt… CAD/JPY rates are starting to regain bullish momentum.While the CAD/JPY chart suggests more patience is required, traders should be on alert for another attempt at parallel channel resistance in the 81.58 to 81.91 zone in the next week or two.
CADJPY is approaching support, potential bounce Price is approaching support where we could see a bounce above this level. Stochastic is approaching support as well.
CADJPY Hourly structureThis pair is in a bull run. It is currently at its reset point to continue going up.
Great time for buy -cadjpyWooow the great
Sign for cadjpy
Day candle perfect spin
Confirmation for today
Candle finished for bullish
Ready for long term but
Aim 84 ..
Buy small lot to get big
Thanks if u like this please push
CADJPY is approaching support, potential bounce Price is approaching our support in line with our horizontal pullback support, 50% fibonacci retracement and 61.8% extension where we could see a bounce above this level. EMA and Ichimoku cloud are showing signs of bullish pressure as well in line with our bullish bias.
CADJPY BUYHello traders
We reached a former resistance zone which appears to be turning support. Look to buy around the 80.2/80.1 region.
If we break through 82, we might see a bigger movement on the upside else we'll test 81.7 and see quite a bit of retracement.
What do you guys think? Let me know in the comment section. Like and share this idea if you find it useful.
CADJPY BULLISH TRENDLINE AND SUPPORTWe can see that the prrice has reached the horizontal line support and trendline support
CADJPY is approaching first support, potential for a bounce!Price is approaching our first support at 81.403, which is in line with our 127.2% Fibonacci extension and horizontal swing low support. It could potentially bounce from first support and rise further to our first resistance at 81.727, in line with our 50% Fibonacci extension, 50% Fibonacci retracement and horizontal swing high resistance. It is also worth noting that price is now above the EMA (55) and the ascending trendline, which shows bullish analysis in line with our analysis.
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