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CADJPY trade ideas

CADJPY Will Go Higher! Buy! Here is our detailed technical review for CADJPY. Time Frame: 15m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 105.556. Taking into consideration the structure & trend analysis, I believe that the market will reach 106.166 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
CADJPY - Structure Trading Using Previous Price CluesA technical look at the CADJPY & a potential buying opportunity coming off a wild week of news events in the market. In this video we take a look at how as traders we want to be "predictable in our analysis, yet, reactive in our execution" & how past price behaviors can provide us clues on what we can look for. I hope you guys have a great weekend. Do me a favor & show some support by hitting that like button & if you have any questions or comments, please leave them below. Akil
Long
by Akil_Stokes
CADJPY Analysis: Navigating Market Trends and Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the CADJPY pair in the Forex market. 🗂 About the Pair: The CADJPY is a currency pair that represents the exchange rate between the Canadian Dollar (CAD) and the Japanese Yen (JPY). This pair is influenced by factors such as oil prices, which affect the Canadian economy, and Japan's status as a major importer of commodities. As such, the CADJPY pair can exhibit significant volatility and is of interest to traders looking for opportunities in the Forex market. 📊 Weekly Timeframe Analysis In this timeframe, CADJPY has experienced notable movements. Recently, it saw a sharp decline, indicating a significant correction from previous highs. The pair reached a critical supply zone around 117.682 and has since entered a downward trend, currently testing a support level near 105.722. Support Levels: The key support levels observed are at 105.722 and 101.072. Resistance Levels: The resistance levels to watch are around 110.109 and 117.682. 📈 If CADJPY stabilizes above 110.109, we could see a bullish momentum potentially pushing the price towards the next resistance at 117.682. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if CADJPY falls below 105.722, it may continue its bearish trend, with the next critical support level around 101.072. Volume analysis is crucial in this scenario. A strong trend should be accompanied by corresponding volume, with particular attention to any divergence that may indicate a potential reversal. 📊 Daily Timeframe Analysis On the daily chart, CADJPY has exhibited significant bearish momentum. After a period of ranging around the 108.874 level, the price dropped sharply and is currently finding support around 105.714. Support Level: The support level to monitor is 105.714. Resistance Levels: Resistance levels are marked at 108.874 and 112.089. 🧲 Given the current setup, a stabilization below 105.714 could signal further bearish continuation. On the other hand, if the price manages to move above 108.874, it could indicate the start of a bullish reversal, targeting higher resistance levels. 📊 4-Hour Timeframe Analysis In the 4-hour timeframe, CADJPY has encountered resistance at 108.874 and has shown a pullback. The pair recently tested the support at 105.714, aligning with the bearish trend observed on the higher timeframes. Short Position Key Levels: For short positions, critical levels are 108.874 and 112.089, where price reactions could provide better entry points. Long Position Key Levels: For long positions, the critical support levels to watch are 105.714 and 101.072. Volume analysis indicates decreasing momentum, suggesting a potential exhaustion of the downward movement. Monitoring volume and price action will be crucial for identifying potential reversals. 📊 RSI Oscillator The RSI is currently ranging between 33.97 on the weekly timeframe and 13.64 on the daily timeframe. Breaking these levels could provide confirmation for opening positions. However, it is essential to use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the downward trend in the weekly timeframe, I am inclined to consider short positions. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this analysis to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a pair you'd like me to analyze next.
by itsparham96
1
What's Flowin!? : SOL | SOX | CADJPY | USDCHFCRYPTO:SOLUSD SAXO:USDCHF SAXO:CADJPY TVC:SOX Market News Supporting Directional Biases for July 26, 2024 SOLUSD - LONG Recent reports indicate a bullish sentiment for Solana (SOLUSD). The ongoing developments in the Solana ecosystem, including the launch of new decentralized applications (dApps) and partnerships with major blockchain projects, have driven positive market sentiment. The increasing adoption and growing developer activity on the Solana network are seen as strong indicators of long-term growth potential, supporting a long position. USDCHF - SHORT The USDCHF pair has been under pressure as the Swiss National Bank (SNB) continues to unwind its interest rate policies, signaling a more hawkish stance compared to the Federal Reserve. This divergence in monetary policy is expected to weaken the USD against the CHF. Additionally, the strong performance of the Swiss economy, with controlled inflation and low unemployment, supports the case for a short position on USDCHF. CADJPY - SHORT The Canadian dollar (CAD) is facing headwinds due to declining oil prices and concerns over the domestic economic outlook. Meanwhile, the Japanese yen (JPY) has benefited from its safe-haven status amid global economic uncertainties. The Bank of Japan's consistent monetary policy, combined with these factors, supports a bearish view on CADJPY, making a short position more attractive. SOX - SHORT The Philadelphia Semiconductor Index (SOX) has shown signs of weakness, with technical indicators pointing to a potential downtrend. Recent analysis suggests that major components of the SOX, including companies like Nvidia and AMD, are experiencing sell-offs and breaking key support levels. This bearish momentum in the semiconductor sector supports a short position on the SOX index.
by moneymagnateash
BUY CAD/JPYAttention Traders! Here's an exciting trade setup for the CAD/JPY currency pair. This opportunity involves a buy trade with a well-defined entry range and profit targets to maximize your potential gains. Trade Details: Buy Range : Enter the trade when the price is between 114.88 and 114.90 . Profit Targets: First Target: 117 . Set this as your initial level to take some profits. Second Target: 117.50 . Aim for this level to maximize your returns. Key Points to Consider: Entry: Ensure you enter the trade within the specified range of 114.88 to 114.90 to optimize your potential profits. Profit-Taking Strategy: Setting two profit targets allows for effective risk management and maximized gains. Close part of your position at 117 to secure initial profits and aim for 117.50 for additional gains. Risk Management: Always consider your risk tolerance and use appropriate stop-loss orders to protect your investment in case the market moves against your position. This structured approach ensures you have a clear plan for entering and exiting the trade, balancing potential profits with effective risk management. Happy Trading!
Long
by FOREX-XONA
CADJPY: Bullish Pinbar candle could push CADJPY higher againCADJPY: Bullish Pinbar candle could push CADJPY higher again Technical Analysis: Price created a "Bullish Pinbar Canle" on a daily time frame thus indication for a lose in the bearish momentum. On the 60 minute chart, we can see that CADJPY is forming an "Inverse Head & Shoulder" pattern. A move above the pattern should help CADJPY rise further to 103 early and if bullish volume could push further to 115.00. However, a good part of this movement is also related to the BOJ's rate decision. Chances are they won't raise rates again, despite speculation that everyone is talking about a possible rate hike. 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❤️
Long
by KlejdiCuni
4
CADJPY Technical Analysis and Trade Idea 👉🔍 In this video, we analyze CADJPY. It's evident that CADJPY has been showing bearish momentum recently. However, I anticipate a retracement as it has traded into a key support level. My strategy involves monitoring the 15-minute and 5-minute charts for signs of a retrace, sideways movement, and a potential bearish reversal. This could present a scalp or day trade short opportunity targeting the previous lows, as described in the video. It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
Short
by fxtraderanthony
Possible long on CADJPY next weekWhen a currency breaks outside the channel and then changes color, it signals a reversal in strength/trend. By waiting for this to happen to two currencies during the same candle, an entry signal is created (CAD=red, JPY=white) The current trend has not ended, however. Based on previous data, it looks like it will take 3-4 more candles for the CAD and JPY lines to change color outside the channel, signaling the CADJPY pair to reverse into a bullish direction. I am projecting 3 days of forward ATR against the previous candle's bodys low (I prefer measuring this rather than the high/low wicks), to get a price range of 111.738 to 116.446 over the next week. Based on today's current price, it puts the lower end to 113.189, which is also about 1x ATR from yesterday's open, so it "lines up" in that sense. We'll probably have confirmation to go long around Wednesday of next week! Good luck on your trades Note: Here is the indicator in action for the last 4 months. Over the last 4 months, it would have been accurate 5 out of 6 times (83%), with small wins each time (and possibly one big win), depending on your trade entry and how you manage your trades:
Long
by KyleBaran
CADJPY ShortBias Bearish Fundamental CAD reduce interest rate caused bearish momentum. JPY plans to increase interest rate caused bullish momentum Price has break through the Daily SR level. Price is extreme bearish. In the Daily S/R level, lower TF H1, price formed a double top / descending triangle pattern. And price broken out of that level and headed lower. Short set up Short trade at H1 broken support level. SL above the swing high of double top pattern. TP targeting the next lower Daily S/R level
Short
by royschen07