Ride that Risk-on!Fundamentals & Sentiment CAD: Bullish oil inventory data yesterday. Generally ok US data (GDP, Claims, etc) today. Risk-on sentiment continuation from China stimulus. JPY: Bearish Internals, CFTC. Technical & Other Setup: TC(RTF) Setup timeframe: 1h Trigger: 15m Medium term: Up Long-term: Down Min target: 3R Risk: 0.27% Risk R: 0.5R Main risk: buying into DMA(50) at 107.40. If holds above, consider adding.Longby Cherry94Updated 442
CADJPY NEXT MOVE (LOOKING BULLISH)(17-09-2024)(MID TERM)Go through the analysis carefully, and do trade accordingly. Anup Bias (Mid term) Current price- 104.300 "if Price stay above 103.700 then next target is 104.900 and 105.700 and below that 103.00 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of capital to follow any position. Support us by liking and sharing the post.by AnupZiddiUpdated 4474
CAD/JPY For Bullishyou can go long now - price break current resistance at red arrow - price has Gulfing Bullish H4 Candle have fun :)Longby maxbaynePublished 114
#CADJPY 1HCADJPY (Canadian Dollar / Japanese Yen) Timeframe: 1-Hour (1H) Pattern: Rising Wedge A rising wedge pattern has emerged on the 1-hour chart of CADJPY. This bearish formation typically signals a potential reversal or a slowdown in the prevailing uptrend. The wedge is formed by converging trendlines, with higher highs and higher lows, indicating a weakening upward momentum. The rising wedge pattern suggests that although the price is still moving higher, buyers are losing strength, and a breakout to the downside could be imminent. Forecast: Sell The current forecast favors a sell opportunity, as the rising wedge often leads to a bearish breakout. A breakdown below the lower trendline of the wedge would confirm the reversal and signal a potential decline in price. Technical Outlook: Resistance Level: The upper boundary of the wedge, where buyers may find it difficult to push the price higher. Support Level: The lower boundary of the wedge, which, once broken, could trigger further downward movement. Key Levels to Watch: A confirmed break below the wedge’s support level could accelerate selling pressure, leading to lower prices. Traders should wait for confirmation through signals such as bearish candlestick patterns or volume increases on downward moves before entering short positions. Keep an eye on market sentiment and relevant news, especially regarding oil prices (affecting CAD) or safe-haven demand for JPY, as these could influence price action in this pair.Shortby PIPSFIGHTERPublished 114
CADJPY Is Very Bearish! Short! Here is our detailed technical review for CADJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 106.050. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 105.642 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 554
CADJPY Strong buy at the bottom of the 2-year Channel UpLast time we gave a signal on the CADJPY pair (July 09, see chart below), we got the sell we wanted, as a brutal collapse started straight after: This time we get a strong buy signal as the price is rebounding after a Double Bottom on the Higher Lows trend-line of the 2-year Channel Up. This is similar to the January - March Double Bottom, which until now, has been the strongest long-term buy signal on the pair. Once the price breaks above the 1D MA50 (blue trend-line), we will have the buy confirmation we need to target the 0.9 Fibonacci level (like June 23 2023) at 117.100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShotPublished 6
CADJPY: Will Keep Falling! Here is Why: Looking at the chart of CADJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignalsPublished 114
CADJPY View!!In the long-running battle between stocks and bonds, the latter is usually right when it comes to the economy. Given that oil and the yen are also flagging trouble, the signs are hard to ignore. In early August, when US yields fell, it looked like a reaction to a flight-to-safety as some air came out of the AI trade and megacap tech stocks but when those rebounded, yields didn't. Now they've fallen even further and signal a hasty Fed rate cutting cycle. Now Powell may front-load rate cuts in an effort to stick a soft landing but that path is perilous.Shortby FXBANkthe8055Published 3
$CADJPY bullish ?Higher time frame shows cadjpy having a reversal from a bear market. It is in an area of interest right now, from which it could use up for its momentum. Looking for a buy. Anyone has any similar thoughts/ideas?Longby Ramiroz51Published 2
#CADJPY: H4 BULLISH NARRATIVECADJPY might set for a push up again. However, upon confirmation a buy might be initiatedLongby CHILLARFXPublished 2
CADJPY - 4hrs ( Buy Trade Target Range 320 PIP ) 🟢Pair Name : CAD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— ✅Bullish Break 105.900 Area Reasons ✅- Major Turn level ✅- Visible Range lvn ✅- inner Channel Break ✅- Day High / week High ✅ Head & Shoulder ✅Bearish Reversal 107.500 ✅Bearish Reversal 109.350 AreaLongby GoldenEnginePublished 2251
CADJPY SHORT bearish candle patterns at 4H timeframe, Bearish engulfing pattern and shooting star Shortby kLEIRPublished 1
CADJPY in bullish trend CADJPY in bull trend with RSI bearish diversions, trade with a sell order at the last higher low.Shortby shahmir551Published 2
CAD/JPY BEARS ARE STRONG HERE|SHORT Hello, Friends! The BB upper band is nearby so CAD/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 102.499. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsPublished 112
CAD/JPY Long H4 Buy Limit @ 104.595 S/L @ 103.267 T/P1 @ 107.00 T/P2 @ 108.58 R.R.R. @ 1:3 Pure Price Action Trading based on Pullback Breakout of Key Level. Good Trading to the Trading View Community! 👍 Longby MyMainBox369Published 3
CADJPY - Long from bullish order block !!Hello traders! ‼️ This is my perspective on CADJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block. Like, comment and subscribe to be in touch with my content!Longby Snick3rSDPublished 12
CAD_JPY BEARISH BIAS|SHORT| ✅CAD_JPY surged again to retest the resistance of 106.766 But it is a strong key level So I think that there is a high chance That we will see a bearish pullback and a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFxPublished 112
CADJPY View!!Markets are undecided whether the Bank of England will hold, or cut rates by 25bps on Thursday, raising the potential for GBP volatility which has put the FX options market on high alert. The FX volatility upon which FX options thrive is an unknown, yet key parameter of their premium, so dealers use implied volatility - their best guess. Disparity between implied and realised over the life of the option is a common occurrence and makes FX volatility a tradable asset. Therefore, any implied volatility increase over a key event like the BoE, is also a bellwether for the wider market to see the additional FX volatility that options traders think that event will generate.Longby FXBANkthe8055Published 1
CADJPY IS PRINTING REVERSAL Technically: CADJPY is printing inverted Head & Shoulder CADJPY is printing Bullish Divergence Longby rizwanahmed0603Published 1
Bearish drop?CAD/JPY has reacted off the pivot which has been identified as a pullback resistance and could drop to the 1st support level which acts as an overlap support. Pivot: 105.88 1st Support: 103.73 1st Resistance: 106.85 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarketsPublished 6
CadJpy Trade IdeaCJ long set ups were sent out last week. The flip at support ended up playing out to the T where targets were than hit. Last week price ended with a retest at 106 before making a new high at 106.400. For this week I'm looking for price to either break and retest 106.4 to continue longs or break below the higher low at 106 to short the pair. We'll see what happens. by OfficialJ23Published 2
CADJPY is in the UPTRENDHello Traders In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (CADJPY market update) 🟢What is The Next Opportunity on CADJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters2000Published 1