CADJPY - The Bulls Are Stronger than Ever!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈CADJPY has been overall bullish trading within the rising wedge pattern marked in red.
This week, CADJPY has been retesting the lower bound of the wedge.
Moreover, the green zone is a strong weekly support.
About Canadian Dollar / Japanese Yen
The Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.
Related currencies
CAD-JPY Local Long! Buy!
Hello,Traders!
CAD-JPY made a retest
Of the horizontal support
Level of 107.400 and we
Are already seeing a bullish
Rebound and we will be
Expecting a further local
Bullish move up
Buy!
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Disclosure: I am part of
CITYSTAR | CADJPY ANALYSISCADJPY New Forecast👨💻👨💻
This is my personal trade and not in anyway a mandatory setup.
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP.
Please support this idea with a L
#CADJPY:Targeting 130.00 Almost 30,000 Pips Swing TradeThe long-term outlook for CADJPY remains extremely bullish in the coming week. My initial target is 115, followed by 120, and ultimately 130. This would result in a total of 30,000 pips of movement in the swing. Please use this analysis for educational purposes only.
Good luck and trade safely!
Li
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the CADJPY pair is quoted as 1 CAD per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 CAD.
CADJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CADJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.