CADJPY Buyyar active trade nowCanadian Dollar / Japanese Yen forum
CADJPY Buyyar active trade now
CADJPY buyyar active trade now
CADJPY well tp was hit now onto the next 🤠
CADJPY My opinion about it is bearish The price is testing a key resistance 103.60
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 102.630 level.
What you think about it? share in comments.
CADJPY these pair really reacts when trump talks lol
CADJPY CAD/JPY Technical Analysis: Potential Continuation of Downtrend Amid Key Resistance Test
CAD/JPY remains in a broader downtrend, though recent price action has formed a symmetrical triangle, indicating potential accumulation. The pair’s movement suggests that the Japanese Yen is gaining strength, while the Canadian Dollar remains within a narrow consolidation range.
Fundamental factors, including today’s anticipated speech from former U.S. President Donald Trump, could introduce volatility, particularly if trade policy announcements impact market sentiment.
From a technical perspective, the pair is correcting after a false breakout above 103.56 and remains below a previously broken support level. Price is currently testing a key resistance zone at 104.90, where a false breakout against the 0.5 Fibonacci retracement is forming. A confirmed breakdown below 104.69, followed by a breach of 104.525, could reinforce bearish momentum.
Key Levels to Watch:
Resistance: 104.900, 105.36, 105.74
Support: 104.525, 103.56
Given the ongoing consolidation within the downtrend, a continuation of bearish movement remains the primary scenario. However, upcoming fundamental developments could influence volatility and market direction.
CADJPY well I have just entered a sell, aiming for 102 area or so let’s see how that goes my sl at 106
CADJPY pure price action.
CADJPY im not sharing post results, I shared this before the market actually moved this direction... LETS GOO!!
CADJPY what's up with this pair