CADJPY - Short TradeCADJPY is moving in downtrend.
No bullish divergence is formed.
Entry is at retracement at LH.
CADJPY trade ideas
CADJPY Sell LimitCADJPY is in down trend. It is making Lower Lows and Lower highs. There is no divergence. At fibbo level 0.5 we can place sell limit order
CADJPY Daily: Trump's tariffs or just a pullback??Since March 2020 the loonie has been in uptrend with ups and downs(as normal in this market) but from July 2024 it got a strong push back about 1442 pips in less than a month. I may be wrong but it was around that time Trump started to mention about the possible tariffs for Canada and seems the market reacted fast. Ok, after that the loonie managed to recover some of the losses but it didn't have enough momentum to break the 111.480 previous Support from May 24 and dropped again. In the chart I can see a formation of a upper TL acting as a dynamic resistance signaling a continuation downward move but also there is a lower TL acting as dynamic support but it was broken last week. Last Friday NY closed below the lower TL but still above the 106.096 previous Support. The last Friday candle shows me as a possible pullback to the upper TL but it closed weak even being a bullish close. I am expecting the price breaks the 106.226 level what if confirmed will open the path to 104.174 or/and even further. On the fundamentals side we have Canadian Net Change Employment and Unemployment Rate on Friday(7/02 @ 23:30 AEST) so be careful. Trade Safe.
CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
CADJPY - Buy Setup at Clear Support LevelOANDA:CADJPY is approaching a strong support zone, an area that has previously attracted buyers. The recent bearish momentum has pushed price closer to this zone, making it a key level to watch for potential buying interest.
If buyers step in and confirm the support with bullish price action—such as rejection wicks, bullish engulfing candles, or increasing buying volume—I anticipate a move toward 107.710. However, if price breaks below this level, it could signal further downside and invalidate the bullish outlook.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, whether it’s a strong rejection candle or a spike in volume, before making a move.
Your support means the world! Every like and comment motivates me to share more insights. Also, let me know your thoughts in the comments—I’d love to hear your perspective!
Best of luck , TrendDiva
CADJPY: Strong Reversal After Liquidity GrabEducational Insight
The market surged to the upside, targeting liquidity highs to trigger stop losses. Once liquidity was cleared, price stalled and reversed sharply.
By marking key candle highs and lows, we identified swing points to count the market waves. We applied the 2 Data Points Rule to validate the break of support or resistance—this is a crucial concept in confirming true market structure shifts.
Additionally, we analysed the wavesofsuccess wave structure, focusing on the Momentum Low and what to anticipate when price reaches this level.
🚀 If this insight adds value to your trading, smash the boost and drop a comment!
Blessings.
CADJPY looks down as new data comes inThe Canadian dollar is losing ground to Japanese Yen, as differences between monetary policy expectations between respective currencies start to deviate. A steady performance of yields of 30-year bonds of Japan (displaying a 2.2% yield) and reluctance of market participants to a belief of a potential rate hike in Japan, may lead to a further drop of CADJPY.
Technically, the instrument is located below a value area - a combination of 20 and 50 moving averages, and has established the new swing low this week. In case of continuation of a bullish pullback, the next resistance area is located at 107.50 zone: should this zone be rejected, the price may dive deeper as shown at the chart below.
Don't forget - this is just the idea, always do your own research and never forget to manage risk.
CADJPY - Short TradePrice is moving in bearish trend with no bullish divergence.
Descending channel also supports continuation of bearish trend.
CAD/JPY - A perfect entry towards the demand zone!Hi guys we are going to take a look at a great set up in the eyes of CAD/JPY.
So far we had a strong drop which targeted the lower support area which found some resistance which givesd us an indication that we would rebound from this point onwards.
We can see the strong support area at 106.800
Also we can see the strong demand zone which is going to be our target area at 108.500
And we can see a weak bottom at 106 area
Simple Technical analysis here.
Entry: 107.250
Target 1: 107.830
Target 2: 108.500
SL: 106.500
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
#CADJPY 1DAYCADJPY (1D Timeframe) Analysis
Market Structure:
The price is currently respecting a channel support level, indicating that buyers are defending this zone. This support has previously acted as a strong area for reversals, suggesting the possibility of a bullish move if the price holds above it.
Forecast:
A buy opportunity is expected if the price confirms a bounce from the channel support, signaling potential upside movement within the channel.
Key Levels to Watch:
- Entry Zone: Near the channel support after confirmation of bullish signals.
- Risk Management:
- Stop Loss: Placed below the channel support or the recent swing low.
- Take Profit: Target the midline or upper boundary of the channel for potential upward movement.
Market Sentiment:
The channel support level suggests that buyers may take control if the price holds above this area. Confirmation of a bounce is recommended before entering a trade to align with the prevailing market structure.
CAD/JPY SENDS CLEAR BEARISH SIGNALS|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 106.752.
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CADJPY pt 5Target reached. You saw it from part 1. Up +4.21% So off to a good start, Let' s hope the market continues it's momentum for next week as we close in on phase 1.
CADJPYAs we see the sellers zone is rejected the price now if the price returned to the zone well be go down
CADJPY pt 4Here is an update on CADJPY. We got the entry we was looking for and now we are in 2%+ profit currently. I'm looking for price to keep moving in this direction to come to our take profit
CADJPY Signal : 1H / 4H Beautiful buy !!!CADJPY ( 1H / 4H )
Market price : 107.10
Buy now : 107.10
Tp1 : 107.60
Tp2 : 108.20
Tp3: 109.10
Tp4 : 110.20
Sl : 106.60 ( 50 pip )
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ❤️
Remember this is a position that was found by me and it is a personal idea not a financial advice, you are responsible for your loss and gain.
CADJPY: SHORT! BOC ON TAP!As expected, the Bank of Canada rate decision cuts rates by 25 basis points. As a result, we expect the Canadian dollar to weaken against the Japanese yen since we didn't get any surprises from the BOC.
CADJPY pt 3CADJPY is almost there in terms of our wait for an entry. Once price breaks that red line it will have then shifted structure on the 1hr and we will then be looking for just one more confluence to then take the trade we been looking for. So far though price is doing what we planned it to do.
CADJPY ShortOnce prices breaks and close under trend line I will be looking to short the market.
Comment what you think.
CADJPY pt 2Essentially this is all we need to look for a entry, just a break of structure on the 1hr and for price to come back into that zone again which would look like a head and shoulders and also would be in sync to meetup and touch the EMA for another confluence.
CADJPYThis is the only pair on my radar this week, CADJPY. All timeframes in sync, good rejections around that AOI and round number. Currently this trade is at a 65% just looking for a shift of structure and an entry single and that will give us a grade of 85% potentially. A shift of structure on this pair would just look like another retracement back into the zone to then drop down further continue trending bearish.
CADJPY SELL IDEAOANDA:CADJPY Overall bias on CADJPY is bearish. Price making a retest into the daily area of interest (AOI). If a 4H bearish engulfing candlestick is formed on the 4H. I will be looking to short CADJPY.
