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CADJPY

CADJPY ____ INCOMING BEARISH DUMPHello Guys, This pair has entered the weekly FVG but before doing that, it took out enough buy-side liquidity as marked on my chart. The pair had printed a bearish price structure on the monthly timeframe which explains why we should expect a bearish move to the marked TP on my chart. I will go to lower timeframes most especially the 1-hour timeframe to look for my setup to take an entry short. That's all folks. If you have a question regarding this trade idea, let me know. Cheers, David
Short
by jabariofafrica
1
CADJPY: Retested Bullish Trendline, Continue its Bull Run Again?Hello Fellow Global Forex Investor/Trader, Here's an Outlook for CADJPY! Price Action Analysis 1. FX:CADJPY has retested on the multiple rejection area and Bullish Trendline 2. Then, forming a Falling Wedge, the pattern indicates a bullish continuation pattern 3. Breakout of the pattern confirmed the possibility of the upside movement 4. The MACD Indicator also made a Golden Cross, signifying the possible upside movement to the target area. Other Technical Drives : 1. JPYBasket is moving in the bearish trend or below EMA200 2. Breakout of the Rising Wedge indicates a possible continuation of the bearish trend The roadmap will be invalid after reaching the target/resistance area. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CADJPY"
Long
by financialfreedomgoals101
CAD/JPY Value Surge Amidst Central Bank ContrastsDuring a prepared speech at the Toronto Region Board of Trade, Tiff Macklem, the Governor of the Bank of Canada, emphasized the central bank's unwavering commitment to restore price stability and signaled a willingness to further increase interest rates if inflation persists significantly above the 2% target. In stark contrast, Federal Reserve (Fed) Chair Jerome Powell suggested earlier this week that the central bank was nearing the terminal rate of the current tightening cycle. As a result, the CAD/JPY has exhibited an increase in value over the past week, concluding with a bullish surge at a value of 100.77, characterized by an AB=CD pattern where the first D point is anticipated to emerge at levels between 102.500 and 103.000, before a potential reversal or retracement. Our underlying perspective is firmly based on the expectation of a long continuation towards the next resistance area illustrated on the chart.
by FOREXN1
8
CADJPY: The 1D MA50 is crucialCSDJPY is on the rising Channel of its medium term Channel Up, rebounding on the 1D MA50. The 1D technicals are neutral (RSI = 53.031, MACD = 0.270, ADX = 28.072) and that always favors technically the dominant trend. So as long as the price is inside the rising Channel, our target will be the 1D MA200 (TP = 101.350). If a candle closes under the rising Channel and ideally the 1D MA50 as well, we will sell targeting the bottom of the Channel Up (TP = 96.000). The 1D RSI is on a HL trendline. Technically a low risk buy will be on that line. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
2
$CADJPY Can Rise #CADJPYCADJPY has a similar pattern as USDJPY. Please see the attached USDJPY analysis: Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
by vikinsa
CADJPY - Trend-Following Setup ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. CADJPY is has been overall bullish trading inside the fat rising red wedge, and this week we rejected the upper bound. As we approach the lower red trendline, we will be looking for buy setups on lower timeframes. Moreover, the green zone is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline. (acting as non-horizontal support) As per my trading style: As CADJPY is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
CADJPY Rejected on the 1D MA200. Is this a trend change?The CADJPY pair got a rejected yesterday near the 1D MA200 (orange trend-line), which hasn't been touched since November 30 2022. Since the March 24 Low the price has been trading within a Channel Up but the long term pattern is a Megaphone and yesterday's rejection took place on its top (Higher Highs trend-line). With the 1D MACD about to make a Bearish Cross, this is a Triple Sell signal on the long-term. As long however as the 1D MA50 (blue trend-line) and the Channel Up hold, we can buy and target short-term the 1D MA200 at 101.500. If however we close a 1D candle below the Channel Down, the Sell Signal will be confirmed and we will target 95.200 (above the Support Zone) and 93.500 (Megaphone's bottom) in succession. P.S. It's been almost 4 months since we called for a bullish divergence on CADJPY: ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2