DeGRAM | CADJPY bearish opportunityCADJPY is consolidating after following a bearish move.
Price is coiling up before expansion, and it broke and closed below the range zone.
If resistance level rejects price, then we can look for selling opportunities.
We expect further bearish move.
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Cadjpysignal
DeGRAM | CADJPY bearish opportunityCADJPY is consolidating after following a bearish move.
Price is coiling up before expansion.
If resistance level rejects price, then we can look for selling opportunities.
We expect further bearish move.
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⭕the best buying and selling areas for the CAD/JPY🧨🔥🔰You can see the analysis of the Canadian dollar to Japanese yen currency pair in the four-hour time frame (CADJPY_ 4H)🔍💣
💥As it is clear from the picture, the price is moving in an Bullish parallel channel🖤❗If the price can break the lower line of the channel (dynamic support) and stabilize❗ below it, then it can have a downward trend until the DEMAND zone and Support🧡 🔻
If the price can break the Downward trend line🖤 and stabilize❗ above it, it can experience an increase up to the Resistance🧡, and if it breaks the upward Resistance🧡 and stabilizes❗ above it, it can have another increase up to the SUPPLY zone🔺🚀
which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
_________📈TRADER STREET📉__________
DeGRAM | CADJPY bearish opportunityCADJPY currently is testing a major resistance level , which is a swing zone.
If the market forms a double top with divergence or creates false breaks at the resistance level , then we can look for a selling opportunity.
We expect a pullback from the level; an alternative scenario is a consolidation at the resistance.
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CADJPY : Current Situation & Technical , Fundamental View#CADJPY
- By this time, CADJPY was very well BUY with the G7 MEETING with some positive comments regarding OIL. So CAD automatically went up. The other reason is the RATE HIKE done by the BOC. Also, in the last few days, JPY WEAKNESS came unexpectedly. They are the FUNDAMENTAL event.
- But after that the price of OIL rose very fast. Due to this reason CAD became STRONG very fast before. You can check it by going to CAD CHARTS.
But now with JPY WEAKNESS, CADJPY is getting BUY very fast.
- Right now the MARKET is getting somewhat RISK ON, JPY is going down, so CADJPY is getting BUY.
- Definitely CADJPY should be slightly DOWN until 107.621 LEVEL. After that, the possibility of moving to 112.862 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit. After that CADJPY price can go down to 103.955 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT.
DeGRAM | CADJPY bearish opportunityCADJPY currently is testing a major resistance level which is psychological level as well.
The market is forming a range at the level, and it has created false breaks.
We expect a pullback from the level; an alternative scenario is a consolidation at the level.
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CADJPY : Current Situation & Technical , Fundamental View#CADJPY
- By this time, CADJPY was very well BUY with the G7 MEETING with some positive comments regarding OIL. So CAD automatically went up. The other reason is the RATE HIKE done by the BOC. That was the recent FUNDAMENTAL incident.
- But after that the price of OIL went down very fast. Due to this reason CAD went down very fast. You can check it by going to CAD CHARTS. But now with JPY WEAKNESS, CADJPY is getting BUY very fast.
- Right now the MARKET is getting somewhat RISK ON, JPY is going down, so CADJPY is getting BUY.
- There is a very high possibility that CADJPY will move up to the 108.032 level. The reason for that is because even now OIL PRICES are going up a bit. After that CADJPY price can go down to 102.990 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT. cadjpy
DeGRAM | CADJPY bullish opportunityCADJPY pulled back to the support zone after making a new high.
Price action is decelerating at the support level, which indicates that bears are running out of steam.
We expect move to north because trend is bullish.
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DeGRAM | CADJPY major resistanceCADJPY is consolidating at a resistance level, which is a psychological level.
Price action is struggling to make a new high.
A false break of the level is going to be the perfect entry signal to sell.
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DeGRAM | CADJPY bearish opportunityCADJPY pulled back to the resistance zone.
It is currently testing a psychological level of 105.000.
Notice the price is decelerating while approaching the level.
We might see a sell off.
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CADJPY possible buy zone!!Dear traders,
CADJPY is in a bullish trend for an extended period of time.
currently, the price has formed an inverted head & shoulder on the 4H and broken up with a bullish engulfer. If the price shows a strong rejection to the upside from the neckline of this inverted head & shoulder, there is a high probability that the price will continue to rise.
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CAD/JPY SELL SIGNAL...VIEW
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CADJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.