CADJPY trade ideas
CAD/JPY 4-Hour Timeframe AnalysisCAD/JPY 4-Hour Timeframe Analysis
Trend Analysis:
On the 4-hour chart, CAD/JPY is in a clear uptrend, breaking through previous minor resistance at 108.600, which has now become a major key support level. This is supported by the formation of a 4-bottom pattern, indicating increased buyer pressure. The price has tested this support level multiple times, signaling stronger support and the potential for a reversal to the upside. After breaking the resistance at 109.800, the price moved upward, but then began consolidating as large buyer orders were accumulated, suggesting a potential breakout.
Price Action Expectation:
Our objective is to wait for the price to form liquidity within the identified liquidity zone. If the price breaks above the minor resistance again, confirming continuation, we’ll enter a buy position. A break above 110.020 will signal further bullish momentum, and we will look for an opportunity to buy.
Fundamental Correlation:
CAD Unemployment Rate: Tomorrow’s Canadian Unemployment Rate is scheduled for release, with the previous data at 6.8% and the forecast at 6.9%.
Impact on CAD: If the data comes in worse than expected (e.g., a higher unemployment rate), this could weaken the CAD, potentially delaying the bullish setup or causing a retracement in the price.
Conversely, A stronger-than-expected result (below the forecast of 6.9%) could lead to CAD strength, reinforcing the bullish outlook for CAD/JPY. A lower unemployment rate signals a strong labor market, which could push the CAD higher as traders price in potential economic growth.
Trade Setup:
Trade Type: Buy Stop (Breakout Trade)
Entry: 110.020 (on confirmation of a break above resistance)
Stop Loss: 109.470 (below the support zone to allow for pullbacks)
Take Profit: 111.420 (next significant resistance level)
Conclusion:
CAD/JPY is showing strong bullish momentum after breaking the key resistance at 109.800. The current setup suggests that once liquidity is established and the price breaks above 110.020, there could be a continuation to the upside. The next target is 111.420, a significant resistance level. The upcoming CAD Unemployment Rate release is critical; if the data comes in stronger than expected, it could accelerate the bullish momentum, supporting our setup. However, a disappointing result could weaken the CAD and halt the upward movement.
Risk Management:
Maintain a disciplined approach with a 1:2 risk-to-reward ratio. Position sizes should align with your account equity. Monitor the CAD Unemployment Rate release and adjust your trade accordingly. It's crucial to be aware of any volatility following the data release, which could impact price movements.
Cad/Jpy Sell IdeaCadjpy is in a downtrend on the day chart with the long term trend.
You can see its under the 200 area...
Then we had a pullback to the 786...
So now i expect a long swing down.
Im trading with 3 small trades...
This idea is based upon a long term downtrend, and a fib retracement
good luck
CAD_JPY RISKY LONG|
✅CAD_JPY is trading in an
Uptrend and the pair is now
Consolidating above the
Horizontal support level
Of 109.900 so we are bullish
Biased and we will be
Expecting a further move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
CAD-JPY Will Go UP! Buy!
Hello,Traders!
CAD-JPY is trading in an
Uptrend and the pair made a
Bullish breakout of the key
Horizontal level of 109.800
And we are now seeing a
Local correction but we
Are locally bullish biased
And we will be expecting
A further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
CadJpy Trade IdeaI sent out a CJ set up yesterday stating CJ being bearish and how I was personally looking for shorts even though longs were possible. With CJ failing to stay within the range for potential shorts I've decided to go long once price broke above the recent high with a retest leaving a solid bullish engulfing candle. Looking for a 1:3rr on this set up. The weekly is bullish breaking above the range while breaking bearish structures so we'll see if price can maintain above the range. We may even expect price to tap back into 111.470 if all goes well.
Upward movementCadYen may rebound towards the top, if price action manages to find support on 107,175 -107,000 barrier which is a crucial resistance turning into support. If the price pushes off and finds stability above this mark, nearby resistance barriers will be areas of interest in which the pair will target.
CADJPY: Bullish Momentum May Push CADJPY to 111.25CADJPY: Bullish Momentum May Push CADJPY to 111.25
In our previous analysis, CADJPY reached our first target. Despite the BOJ reporting an increase in CPI data and threatening Forex intervention, the market did not react significantly. Since then, CADJPY has increased by nearly 180 pips.
What's next?
You may watch the analysis for further details!
Thank you:)
CADJPY Expected to Rise as BOJ Doesn't Support JPYCADJPY Expected to Rise as BOJ Doesn't Support JPY
Yesterday, the Bank of Japan (BOJ) decided to keep the interest rate unchanged at its latest meeting, showing hesitation about future rate hikes. The market's initial reaction was to trade against the JPY, resulting in a devaluation of at least +200 pips across most of its pairs.
Japan's core inflation accelerated in November due to rising food and fuel costs, which is putting pressure on the central bank to raise interest rates. However, this is only speculation, and no decision has been made.
Given the BOJ's stance, CADJPY may rise further from the current zone.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
CADJPY: More Growth is Coming?!📈CADJPY had been trading in a sideways pattern for two weeks until a significant news release caused the pair to become more bullish.
On the 4-hour chart, the price successfully broke through and closed above a resistance level of the range.
This breakout suggests a potential uptrend, with the next support level expected at 111.02.
Liquidity Sweep on CAD/JPY WEEKLYPrevious Weekl Liquidity Sweep on CAD/JPY.
Expect price to come back into the zone at the 61% Fib level.
Sorry I was late posting the chart as I had identified the pattern earlier but was late posting.
[CADJPY] Short swing positionBuilding a short on this forex pair with a strong conviction.
Great Trade !
CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
CAD/JPY is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 107.448.
✅LIKE AND COMMENT MY IDEAS✅
Institutional Supply: CAD/JPY shortsHey,
Little bit of a tutorial here to give you a better understanding about my zones.
Of course on my profile you find multiple videos of my trading style.
But if you see something like this shape up, all I do is wait...
I wait for price to reach my supply zone, and show me 4hour confirmation.
This confirmation is explained in other video's and posts.
Study these charts, the zones play out a lot of times.
A true edge.
Kind regards,
Max Nieveld
CadJpy Trade IdeaMy last set up for now is going to be CJ. Price was bullish before respecting the resistance level above and flipping structures. Price at the moment is overall bearish so my priority on this pair is to go short once price breaks below. I'll personally be looking for a 1:3rr on this pair. Longs could also happen but I'm chasing shorts on the pair.
CADJPYShorting from key level. CAD is showing more weakness against the yen as the Central Bank of Canada continues to cut short term rates and see weakness in the economy. Politically Trudeau has been asked to resign. With political uncertainty, high taxes, and a weakening economy. Market structures shows to shorts will work from here.
CADJPY 15m Bullish ideasCurrent Position: We’re nearing the end of a lower wave 3, based on previous price reaction at key Fibonacci levels (0.886) for 2nd Waves / Running Flat Bs.
Price Action: Good reaction of the middle line of the parallels channels, with bullish impulsive.
Correction Target: Expecting price to correct to key support levels, around 109 and 109.075.
If price drops below 108.473 (previous low), my bearish thesis will be invalidated.
Stay tuned for further updates! 🚨
Cadjpy SellPrice is bullish bur trying to catch a countertrend on the monthly time from. sit back and watch how it plays out
CAD/JPY Alert! Bullish bias confirmed!CAD/JPY Alert!
Bullish bias confirmed!
Key points:
Small stop loss in place
Bullish momentum on H4 chart
Fair Value Gap (FVG) confirmation
FVG 15: Strong bullish signal
Get ready to ride the bullish wave!
CAD/JPY DOWNSIDE MOVEHi everyone,this is CAD/JPY and it's moving to the downside after creating lower high and lower low and repeat the same move lower high and lower low.From 4hour the is a clear supply level let use it to looking for sell opportunity.trade safe
CADJPY LongThe Canadian Dollar (CAD) presents a compelling long opportunity against the Japanese Yen (JPY) heading into Q1 2025, backed by robust macroeconomic fundamentals and institutional sentiment. With the Bank of Canada (BoC) maintaining interest rates at 3.25%—significantly higher than the Bank of Japan’s (BoJ) negative rate of -0.1%—CAD benefits from a notable yield advantage, attracting capital inflows. Canada's 1.8% GDP growth forecast outpaces Japan's modest 1.2%, supported by a resilient labor market and rising oil prices, which serve as a key driver for CAD strength. Institutional positioning, as shown in COT data, reflects a net bullish bias for CAD, while JPY sentiment remains neutral to slightly bearish. Furthermore, Japan's reliance on energy imports leaves it vulnerable to rising global energy costs, adding to CAD's relative strength. However, risks remain, including a sharp decline in oil prices, a hawkish pivot by the BoJ, or a sudden global risk-off event driving flows into JPY as a safe haven. Overall, the macroeconomic backdrop, institutional sentiment, and yield differentials favor a bullish bias on CADJPY, making it an attractive long setup for Q1 2025.
#CADJPY #ForexTrading #MacroAnalysis #ForexStrategy #TradingView #CurrencyTrading #CanadianDollar #JapaneseYen #TechnicalAnalysis #FundamentalAnalysis #FXTrading
