CADJPY trade ideas
CADJPY Buy Trade IdeaCADJPY buy trade can be taken above the mentioned area as it's break higher high on 4hrs to target mentioned in the chart.
Manage your risk according to your account size!
#CADJPY Buy Setup🔼#CADJPY Buy Setup
Currently Trading at 102.940 , Buy On Dip In Range 102.292—101.504 For The Target 105.500—108.780
Potential bullish rise?CAD/JPY has reacted off the pivot and could rise to the 1st resistance which lines up with the 50% Fibonacci retracement.
Pivot: 103.30
1st Support: 102.36
1st Resistance: 105.36
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CAD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 108.118 level.
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CAD/JPY AnalysisCAD/JPY looks promising here for a buy position.
You guys can take trade and manage your risk accordingly
POTENTIAL LONG TRADE SET UP FOR CADJPYAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
The price has approached a previous swing low zone on the higher time frame (HTF) while moving within a descending structure on the MTF. The price has broken out of the MTF descending structure and we will now monitor for a continuation structure to identify a potential entry point for the trade.
Expectation: A upward move is expected.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
CAD/JPY Analysis – Key Levels & Market Drivers📉 Bearish Context & Key Resistance Levels:
Major Resistance at 108.32
Price previously rejected from this strong supply zone.
Moving averages (yellow & red lines) are acting as dynamic resistance.
Short-term Resistance at 106.00-107.00
Failed bullish attempt, leading to a strong reversal.
A break above this area is needed to shift momentum bullishly.
📈 Bullish Context & Key Support Levels:
Support at 102.00-101.50 (Demand Zone)
Significant buyer interest in this area.
If the price reaches this zone, a potential bounce could occur.
Deeper Support at 99.00-100.00
If 102.00 fails, the next demand level is in the high 90s, marking a critical long-term support.
📉 Current Market Outlook:
CAD/JPY is in a strong downtrend, consistently making lower highs and lower lows.
The price is testing key support areas, and further movement depends on upcoming economic events.
A potential bounce could occur at 102.00, but failure to hold could trigger further declines toward 99.00.
📰 Fundamental Analysis & Market Drivers
🔹 Bank of Canada (BoC) Interest Rate Decision – March 12, 2025
Expected rate cut from 3.00% to 2.75% → Bearish for CAD.
A dovish stance signals weakness in the Canadian economy, potentially pushing CAD/JPY lower.
If the BoC provides an aggressive rate cut or hints at further easing, the downtrend could continue.
🔹 Japan Current Account (January) – March 7, 2025
Expected at 370B JPY (significantly lower than previous 1077.3B JPY).
A lower-than-expected surplus may weaken JPY, slightly offsetting CAD weakness.
If JPY remains strong despite this data, CAD/JPY could fall further toward 101.50-100.00.
📈 Potential Trading Setups:
🔻 Short Setup (Bearish Bias):
Entry: Below 103.00, confirming further weakness.
Target 1: 102.00
Target 2: 100.00
Stop Loss: Above 104.50 to avoid volatility spikes.
🔼 Long Setup (Bullish Scenario - Retracement Play):
Entry: Strong bullish rejection from 102.00
Target 1: 105.00
Target 2: 108.00
Stop Loss: Below 101.50 to limit downside risk.
📌 Final Thoughts:
The BoC rate decision will likely be bearish for CAD, increasing downward pressure on CAD/JPY.
The Japan Current Account data could provide temporary support for JPY but is unlikely to fully reverse the trend.
102.00-101.50 is a key buying zone, while failure to hold could drive the pair toward 99.00-100.00.
🚨 Key Watch Zones: 102.00 Support & 108.00 Resistance – Strong moves expected!
cadjpy buy tradeThe Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
cadjpy expect a bullish run after a liquidity sweep, also support and resistance at adds to the confluence
CAD JPY Entry Setup 30 mins timeframe.CAD JPY has formed a bullish break and retest pattern that also align with Fib Retracement level.
Now we wait for entry confirmation.
CADJPY BULLISH CADJPY – Potential Bullish Reversal Setup
CADJPY has been in a sustained bearish trend; however, signs of a potential reversal are emerging. A bullish divergence has been identified on the RSI, signaling weakening bearish momentum. Additionally, the price has broken out of a parallel descending channel, further supporting the possibility of a trend reversal.
Moreover, the structure has shifted as the previous Lower High (LH) has been broken, indicating the first sign of bullish strength. Based on this confluence of factors, I am entering a buy position immediately, anticipating further upside continuation.
Key Confluences:
RSI bullish divergence
Breakout of the descending parallel channel
Structure break of the previous Lower High (LH)
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always manage your risk accordingly.
CAD/JPYOn Daily,
price broke through Monthly trendline (Red Trendline) but stopped short from matching previous Lower-Low.
On 1H,
we can see that price was rejected as soon as it hit the Blue Daily trendline and bounced off.
In my opinion, we should wait until it hit the Daily Blue trend line or make a Double Down formationand tyhen go for short Bullish reversal.
CADJPY - Potential buying opportunity in sightOANDA:CADJPY is trading near a clear support level that triggered bullish reversals in the past. The recent bearish move into this area creates a potential opportunity for buyers to regain control.
If bullish confirmation appears, such as increased buying volume or candlestick reversal patterns, I expect the price to move toward 105.550. On the other hand though, a break below this support would weaken the bullish scenario and suggest further downside.
Just my take on support and resistance zones—not financial advice.
Best of luck in the markets.
CAD/JPY: Diverging Fundamentals Signal More DownsideFundamental Analysis:
• The Non-Weighted Currency Index of the JPY has just broken out of a triangle to the upside, indicating JPY strength at the moment.
• Japan’s 10-year bonds have been in an uptrend for months and have just rejected the 50% Fibonacci level to the upside.
• The BoJ remains one of the most hawkish central banks, and Japan’s economy continues to show strength, marked by rising inflation since November 2024.
• Meanwhile, the Non-Weighted Currency Index of the CAD has been in a downtrend for a long time, signaling CAD weakness against other currencies.
• Canada’s 10-year bonds are currently range-bound, but the structure resembles a bearish flag, suggesting a possible breakdown below support.
• The Canadian economy is stagnating, and while unemployment has decreased compared to the previous month, it remains relatively high.
• Canadian inflation is slightly below the BoC’s target, which suggests that after their recent 25 bps rate cut, they may cut rates further to boost inflation back to 2%, stimulate the labor market, and increase GDP growth.
• Additionally, the downtrend in oil prices does not support CAD appreciation.
Technical Analysis:
• On the Weekly timeframe, we observe an ascending triangle that has just broken to the downside.
• On the Daily timeframe, sellers failed to push the price down significantly, indicating weak momentum on the breakout. This suggests a pullback/retest towards the trendline or Fibonacci levels is likely.
• The 50 SMA on the Daily chart is acting as strong resistance.
• The 200 SMA has also been rejected on the Daily timeframe.
• On the 4H timeframe, price is indeed retracing towards the trendline and/or Fibonacci levels.
• COT Report aligns with my bias.
• 82% of retail traders are positioned on the opposite side (buying).
CAD_JPY CORRECTION EXPECTED|LONG|
✅CAD_JPY is going down to retest a horizontal support of 102.815
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 103.793
LONG🚀
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CADJPY Buy IdeaWait for Zone - 2nd Entry . . . a High Probability Setup
Entry on VSA Confirmation . . - We can Hold This Trade For Long Target if 1trade Hit TP
