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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

CADJPY TRADE SETUP ✔Pair Name: CADJPY 👍 Classic bullish formation 👍Our team expects pullback & go fly SUGGESTED TRADE IDEA: Dear Traders Hope everyone is well. I will now talk about CADJPY . I can see here that CADJPY has completed the down trend and caught the up trend. I am expecting good buying momentum from the places I have identified. If your analysis matches with this then you can follow and share your opinion with me. Pair Name: CADJPY Entry - buy area zone 106.10-106.30 Sl - 105.65 Tp - 108.60 Our Risk - 1% Start protection of your profits from lower levels ❤Please, support our work with like & comment!❤
Short
by Forex_bank_Liquidity
CAD/JPY RIGHT NOW On CAD/JPY , it's nice to see a strong sell-off from the price of 104.460 and 107.270 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade. Happy trading, Dale
by Trader_Dale
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