Get started

Canadian Dollar / Japanese Yen

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

CADJPY trade ideas

Short on Cadjpyhello guys we see cadjpy has been bearish even on the daily , we saw that it broke out of a bullish channel Wich was acting as a correction on the daily, now if you see closely we are on the impulse movement, price is busy creating LL and LH, we will wait for it to pull back then we will enter as always , so feel free to comment guys , if you doubt look at my past ideas, somehow I am getting better and better , feel free to drop your thoughts lets help each other,
Short
by Kings_Of_Society
CADJPY Head and Shoulders?Not the most obvious and clear pattern here. But it does look like we might be seeing a head and shoulders most visible on the weekly chart. Price has hit a strong resistance zone around 110.60 and has been ranging between that area and 104.60. It is a nice enough range to build a position into looking for a short and a possible break of the neckline (which I would consider with a weekly close below the trend line of the right shoulder). I know this one is not that clean and clear, but hey, they can't all be and trading is about reading Price Action and accepting the risk of you put on your position. In what I call my 1 to 10 "edge scale" (simply put, my degree of conviction about a trade, with 10 being that impossible number on probabilities, would mean that I am 100% sure, never happens!) this one would be a a 4 or 5 for now. Let's see how it moves and what patterns it shapes.
by Taguspt
CAD/JPYThe pattern consists of four key price swings (X-A, A-B, B-C, C-D), forming an "M" shape. The bearish butterfly is typically observed at the end of an uptrend and signals a potential reversal to the downside. X to A: The initial leg is an upward price move. A to B: A retracement of the X-A leg, typically around 78.6% of the X-A move. B to C: A corrective move higher, often retracing 38.2% to 88.6% of the A-B leg. C to D: The final leg extends beyond the initial X-A move, completing at 127.2% or 161.8% Fibonacci extension of the X-A leg.
Long
by B9A-88652-NisarAhmad
Weekly Forex Trade Planning SessionAnalysed Pairs: CAD/JPY, GBP/USD, USD/JPY, USD/CAD, EUR/CAD Market Overview: USD & JPY: Bullish CAD: Mixed EUR & GBP: Weak Price Analysis: CAD/JPY: Trend: Downtrend Current Position: At Momentum Low Outlook: Expecting a bullish pullback in the next phase. GBP/USD: Trend: Downtrend Current Position: Trading at Momentum Low 5 Outlook: Potential for bearish continuation. Watch for a bullish reversal above 1.2186. A break below 1.2160 could signal further downside. USD/CAD: Trend: Strong Uptrend Current Position: After a trend reset breaking the momentum high Outlook: Avoid buying at the high; wait for a pullback to go long. Alternatively, look for short opportunities if the price breaks below the reset point. USD/JPY: Trend: Correction in Downtrend Current Position: Observing Wave Structure 3 Outlook: Potential for a bullish secondary trend. Using Fibonacci levels, the price has paused at the 61.8% T2 target. If the high of Wave 3 isn't broken, the downtrend may resume. EUR/CAD: Trend: Trend-changing pattern after last pullback Outlook: Look to sell on a break below 1.4860, with targets at 1.4825 and 1.4810. Happy Trading!
by Charts247TradingAcademy
CADJPY Rising Wedge Breakout and Targeting Support LevelCADJPY is currently trading at 108.300, with a target price set at 106.000, offering a potential gain of 200+ pips. The analysis is based on a support and resistance pattern, indicating the pair’s key price levels. A rising wedge breakout has already occurred, a bearish signal pointing to further downside potential. The price is now positioned below a major resistance level, confirming sellers' dominance in the market. With this setup, the pair is likely to continue its downward movement toward the main support level, which aligns with the target price. The bearish momentum is expected to persist as long as the resistance level holds strong. Traders should watch for any confirmation of increased selling pressure to solidify this trend. This setup highlights a favorable opportunity for bearish trades with a defined risk-reward ratio. The focus remains on the target support level as the next key price point.
Long
by AndrewsMarket-Mastery
15-1 CADJPY:At the end of last year the price was heading towards 110.9 from 103.4. This pair is on the verge of a decline that we would like to enter. Our signal system shows the following signals: Score -12, a big downtrend that is coming from Cot Data 0 Retail sentiment -1, Seasonality -1. Trend reading -2. GDP -2, Manufacturing PMI 0, Services PMI -1, Retail Sales -2, Inflation -2, Employment Change 0, Unemployment Rate 1, Interest Rates -2. We have a sell series from 108.725.
Short
by Probeleg