CADJPY Take it or Leave itCADJPY - This week 16 - 21/03/2025 both players has high impact news . Yen is stronger and we want to follow the trend if the news will give us the change. Very interesting pair to watch this week.
CADJPY trade ideas
CADJPY LONG1. On wkly TF narrative is bearish but has just rejected an old low. Prev wk candle swept the wk1 candle closing above issuing a high probability chance for reversal.
2. on H4 Tf price has shifted the bias from bearish to bullish, hence this week we are looking for longs to the highs of the week 1 candle
CAD/JPY "The Loonie-Yen" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the CAD/JPY "The Loonie-Yen" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits, Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the MA breakout (108.500) then make your move - Bullish profits await!"
however I advise to placing the Buy Stop Orders above the breakout MA or placing the Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Thief SL placed at 107.100 (swing Trade Basis) Using the 4H period, the recent / Swing Low or High level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 112.000 (or) Escape Before the Target
🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
CAD/JPY "The Loonie-Yen" Forex Market market is currently experiencing a bullish trend,., driven by several key factors.
🟣Fundamental Analysis
Economic Indicators: Influenced by Canada's GDP, employment change, consumer price index, and Japan's GDP, inflation rates.
Monetary Policies: Impacted by Bank of Canada (BOC) and Bank of Japan (BOJ) interest rate decisions, quantitative easing, and forward guidance.
Trade Balance: Canada's trade balance, particularly with the US, and Japan's trade balance with China and the US.
Energy Prices: Correlated with energy prices, as Canada is a major oil exporter.
Safe-Haven Currency: Japanese yen considered a safe-haven currency during times of market stress.
🟡Macroeconomic Analysis
Global Economic Trends: The global economic slowdown and trade tensions are impacting both Canada and Japan
Commodity Prices: Canada's economy is heavily influenced by commodity prices, particularly oil prices
Japan's Trade Balance: Japan's trade balance has been impacted by the ongoing trade tensions between the US and China
🔵COT Data Analysis
Net Long Positions: Institutional traders have increased their net long positions in CAD/JPY to 58%
COT Ratio: The COT ratio has risen to 2.1, indicating a bullish trend
Non-Commercial Traders: Non-commercial traders, such as hedge funds and individual traders, have increased their long positions to 62%
⚪Market Sentimental Analysis
Bullish Sentiment: 55% of client accounts are long on this market, indicating a bullish sentiment
Bearish Sentiment: 45% of client accounts are short on this market, indicating a bearish sentiment
🔴Positioning Data Analysis
Institutional Traders: Institutional traders are positioning themselves for a bullish trend, with some predicting a move to 112.00
Corporate Traders: Corporate traders are also monitoring the pair's performance, considering factors like interest rates and global economic trends
🟠Technical Analysis
Trend Line: The pair is holding comfortably above the ascending trend line
Moving Averages: The 200-period and 100-period Simple Moving Averages (SMA) are indicating a bullish bias
Relative Strength Index (RSI): The RSI indicator on the 4-hour chart stays above 50, indicating a bullish trend
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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CADJPY MAJOR SUPPORT IS BROKEN!!!CAD/JPY has broken the major weekly support and In this case, a massive bearish trend may emerge from the look of things. A retracement to the broken support which now turn resistance may support a further bearish trend. We keep a close watch to see how to capitalize on this emerging trend
CAD/JPY SHORT FROM RESISTANCE
Hello, Friends!
CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 102.749 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Waiting for intraday bullish signal If price breaks intraday high (red line) the long is possible, otherwise waiting to long from the blue line as intraday option. Anything can happen though.
CADJPY is in the Selling TrendHello Traders
In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET
today CADJPY analysis 👆
🟢This Chart includes_ (CADJPY market update)
🟢What is The Next Opportunity on CADJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
CADJPYCanada cut interest rate yesterday and is still under a trade war with the USA. Which is bearish for the CAD. On the other hand, the yen has been attractive as investors seek risk off assets during this trade war. Also, the BOJ has been hawkish this year on interest rate.
Could the price bounce from here?CAD/JPY is falling towards the pivot and could bounce to the overlap resistance.
Pivot: 102.38
1st Support: 101.36
1st Resistance: 104.86
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bullish rise?CAD/JPY is reacting off the pivot and could rise to the 1st resistance which line sup with the 50% Fibonacci retracement.
Pivot: 102.38
1st Support: 101.36
1st Resistance: 104.74
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CADJPY TRADE IDEAPrice is currently on a downtrend, awaiting price to take out inducement and activate on the 1 hour or 30 mins order block marked to continue the sell
CADJPY Wave Analysis – 11 March 2025
- CADJPY reversed from the support area
- Likely to rise to the resistance level 104.00
CADJPY currency pair recently reversed up from the support area between the major long-term support level 101.60 (former multi-month support from August) and the lower daily Bollinger Band.
The upward reversal from this support area will likely form the daily Japanese candlesticks reversal pattern Bullish Engulfing.
Given the strength of the support level 101.60, CADJPY currency pair can be expected to rise to the next resistance level 104.00 (former top of wave ii).
CADJPY: Bearish Continuation is Expected! Here is Why:
The price of CADJPY will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CAD JPY Entry Setup 30 mins timeframe Bearish Break and Retest
Pattern confirmed.
Now we wait for candlestick confirmation. ⏰
CADJPY SELLCADJPY in an obvious downtrend. The price is at 15m S/R. Sell opportunity with a strong bearish rejection here.
Make sure to manage your risk before entering the trade!
CADJPY-BUY strategy Daily chartThe pair has been moving down aggressively, and even though its very oversold, it managed to move even lower than expectation. My view is unchanged, and the objective is somewhere 105.78 area or higher, hence the reward ratio is very attractive.
Strategy BUY current or add @ 101.50-101.75 and take profit near 105.57 for now.
CADJPY-BUY strategy 12 hourly chart I had placed a KAGI chart some days back, and that showed quite an oversold status. The regression analysis, as well shows we are in an oversold state, but not very extreme, but reasonable enough, and we are trading at the lower end of the channel.
Strategy unchanged view, and BUY current or add to LONG positions @ 102.00-102.35 and take profit @ 105.17 for now.
CADCHF-BUY SIDE Technical AnnalysesHere's a technical analysis for CAD/JPY (Canadian Dollar / Japanese Yen) focusing on the BUY side, including support and resistance levels:
CADCHF-BUY NOW
Entry Point-102.890
TP 1 - 103.876
TP 2 - 104.968
Stop Loss-101.729
CADJPY - Take Advantage of This Clean Correction!CADJPY Daily Timeframe
CADJPY has shown a clear impulse in July 2024. We are now in a massive correction, consisting of 3 major waves, ABC. It appears we have almost completed Wave B and now we are anticipating wave C.
We expect wave C to push up to the corrective highs where we have the 61.8 fib.
Here are some key things to watch:
- Wave Structure: Ensure that Wave B has completed its corrective pattern
- Wave C Confirmation: Look for a strong bullish impulse off the lows of Wave B.
- Volume & Momentum: A rise in volume and bullish divergence in RSI/MACD could confirm Wave C is underway.
Confirmation for Wave C:
Break of Structure (BOS) / Trendline Break
When identifying confirmation for Wave C, a Break of Structure (BOS) or a Trendline Break is one of the strongest signals that the corrective phase is ending.
Break of Structure (BOS) – Key Levels to Watch
Wave B typically forms lower highs and lower lows. A break above the last lower high signals a bullish shift.
Look for a decisive close above the previous swing high on the 4H or daily timeframe. A weak break (with wicks) may indicate hesitation.
A higher low after the break adds extra confirmation.
Trendline Break – Reversal Signal
If Wave B formed a descending trendline, watch for a clean breakout with strong bullish candles (not just wicks).
Retest of the trendline as support after the breakout strengthens the case for Wave C starting.
Trade Idea:
- Watch for Wave C to start using the techniques listed above
- Once entered, keep stops below wave B
- Targets: 107 (500pips), 112 (1000pips)
Goodluck and as always trade safe!
See below for our previous swing setups:
Swing Setup 1
Swing Setup 2
Swing Setup 3
CADJPY-BUY strategy 12 houely chart KagiWe are very oversold and judging regression channel, wedge and fisher form, clearly we should see a reasonable correction in the near-term.
Strategy BUY current 102.80-103.10 and take profit near 105.75 for now. (think it can stretch towards 106.25 even).
CAD/JPY AnalysisCAD/JPY looks promising here for a buy position.
You guys can take trade and manage your risk accordingly
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!
