BUY CADJPY and here's why.......Trader Tom, an investing.com analyst explains his CADJPY BUY trade in detail using a top down approach, check it out
JPYCAD trade ideas
CADJPY Breakeven. Trade BreakdownCADJPY trade breakdown ( breakeven )
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CADJPY Top-Down Analysis 22/04/20241. Daily uptrend creating higher highs and higher lows.
2. Recent impulse created a new higher high.
3. We expect a retracement before continuation.
4. 4h range breakout creating a new high.
5. Before continuation price must retrace to gather further orders.
6. A structured pullback would provide evidence towards continuation on breakout.
7. High probability setup when trading with the trend.
8. Heavily tested strategy with a known success rate.
Short Opportunity on CAD/JPY: Clear Bearish SetupIn this trading idea, we're looking at a compelling short opportunity on CAD/JPY (Canadian Dollar/Japanese Yen) with defined entry, stop loss, and target levels.
Entry: 112.643
Stop Loss: 112.860
Target: 111.800
Technical Rationale:
The CAD/JPY pair has shown signs of weakness with a clear downward trend.
Entry at 112.643 aligns with the current bearish momentum, offering a favorable risk-reward setup.
Stop loss at 112.860 is placed to manage risk in case of unexpected market movements.
Target set at 111.800 indicates a potential area of support where price could reverse or consolidate.
Risk Management:
Always adhere to proper risk management practices and adjust position sizing accordingly. This setup is based on technical analysis, and market conditions may change. Monitor the trade closely for any developments that could affect the trade's outcome.
Remember to do your own analysis and ensure the trade fits your risk tolerance and trading strategy. Happy trading! 📉
CADJPY A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 112.77
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 112.16
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CADJPY Will Move Higher! Long!
Here is our detailed technical review for CADJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 112.406.
Taking into consideration the structure & trend analysis, I believe that the market will reach 112.972 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.
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CADJPY: Confirmed Bullish OutlookFollowing a month of trading within a horizontal range, CADJPY recently broke above its resistance level and closed higher.
The previous resistance has now become a strong support level.
I anticipate further upward movement in CADJPY, with targets set at 113.00 and 113.51.
✅CAD_JPY WILL KEEP GROWING|LONG🚀
✅CAD_JPY broke the key
Horizontal level of 112.300
And the breakout is confirmed
So I am bullish biased
And I will be expecting
A further move up
LONG🚀
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Cadjpy bullish biasA new High is breaking prior supply zone potential supply turn into demand zone at the minor quarter point
Weekly engulfing candle
Be on the lookout for any counter trend retracement before buying this market
CADJPY Technical Analysis! SELL!
My dear subscribers,
CADJPY looks like it will make a good move, and here are the details:
The market is trading on 112.22 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 111.77
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
CAD-JPY Bullish Breakout! Buy!
Hello,Traders!
CAD-JPY is trading in an
Uptrend and the pair
Just made a bullish
Breakout of the key horizontal
Level of 112.346 and the breakout
Is confirmed so we will be
Expecting a further move up
Buy!
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Check out other forecasts below too!
CAD JPY PRICE - BACK TO BALANCE THE LIQUIDITY AT SUPPORT ZONE CAD JPY PRICE - BACK TO BALANCE THE LIQUIDITY AT SUPPORT ZONE make a short entry as shown in the picture till 110.372 marked price line follow for more live updates
CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
CAD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 111.671 area.
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CADJPY Eyes Selling Setup Amid Safe-Haven JPY DemandAttention Traders,
In today's trading session, our attention is on CADJPY, with our focus directed towards a potential selling opportunity around the 112.400 zone. CADJPY is nearing a significant resistance line, marking the 112.400 supply zone.
Adding depth to our analysis, it's imperative to consider the fundamental landscape. The escalation of tensions in the Middle East has contributed to heightened market uncertainty, prompting investors to seek refuge in safe-haven assets. The Japanese Yen (JPY), renowned for its stability and reliability, is particularly favored in such environments. Therefore, we are inclined towards buying JPY amidst the escalating tensions in the Middle East, leveraging its status as a safe haven during periods of geopolitical instability.
With CADJPY poised to encounter resistance at the 112.400 supply zone and the safe-haven appeal of JPY amidst Middle East escalations, the convergence of these factors presents an opportune moment for a potential selling opportunity in the pair.
Trade wisely,
Joe
CADJPY: Will The Correction Continue?CADJPY: Will The Correction Continue?
CADJPY has been moving within a major corrective pattern for about a month.
After the downward movement created today by the news regarding Israel and Iran, the price managed to recover the lost ground again.
However, as long as the price will be stuck in this area, chances are that it will move up and down for an indefinite period.
Only an increase in the price above the 112.50 resistance area would support further growth.
In the current conditions, the chances are high that CADJPY may decrease again in the following days.
You may find more details in the chart!
Thank you and Good Luck!
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CADJPY Technical & Order Flow AnalysisOur analysis is based on multi-timeframe top-down analysis & fundamental analysis
Based on our view the price will rise to the monthly level
DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and neither should you
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CADJPY: Weak Market & Bearish Forecast
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CADJPY pair price action which suggests a high likelihood of a coming move down.
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CADJPY: Follow the breakout or rejection. Low risk trades.CADJPY is just above the bullish barrier on its 1D technical outlook (RSI = 58.297, MACD = 0.230, ADX = 26.548) despite the fact that it is near the HH trendline of the Ascending Triangle and supported at the same time by the 1D MA50. Technically this calls for a decline and the minimum inside this pattern is the 1D MA200 (TP = 109.350). If it crosses over the HH trendline and closes a 1D candle over it, we will go long, aiming at the top of the Channel Up that will prevail (TP = 115.500).
See how our prior idea has worked out:
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CAD JPY - GET READY TO TAKE A SHORT ENTRYCAD JPY - GET READY TO TAKE A SHORT ENTRY as we can see that liquidity got filled up at resistance zone now price will be back to the support zone make a short entry as shown in the picture follow for more live updates
CADJPY in Sideways RangeCADJPY is currently in a sideways trend, therefore the application of support and resistance trading strategies is suitable.
A DUE TIME TO BUY CADJPYPrice currently trade at 111.905. A potential level to go long after price shows a strong rejection in H4 timeframe. A Buy opportunity is envisaged from the current market price
Rectangle Top Reversal Look for the trail downwards
Rectangle Top Reversal
Downwards move back to support
CAD/JPY SENDS CLEAR BEARISH SIGNALS|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 great trend following opportunity for a short trade from the resistance line above towards the demand level of 111.217.
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