CADJPY - BullishThe Bullish Trend Reversal involves the following points:
1. TREND: Bearish -1
2. DIVERGENCE: Bullish +1
3. PATTERN: Double Bottom +1
4. HARMONIC: ABCD Completion +1
JPYCAD trade ideas
CAD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
Previous week’s red candle means that for us the CAD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 108.947.
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Lingrid | CADJPY Trend CONTINUATION Shorting OpportunityFX:CADJPY is currently making lower lows and lower closes, which indicates a bearish trend. The price is retracing toward the resistance zone and the upper boundary of the channel. Given that the major trend remains bearish, this pullback presents an opportunity to short the market. The price action is demonstrating a strong bearish movement, followed by weaker pullbacks, indicating that the bulls are not in control. I anticipate that the market will provide further opportunities for trend continuation in the bearish direction. My goal is support zone around 106.300
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CADJPY1-Seasonality: In Seasonals we can observe the CADJPY pair remains Bearish.
2-Fundamentals(Exogenous Factors): Real GDP, IR Differential, BOP Relative, Stock Relative all are Increasing
3-Fundamentals(Endogenous Factors): for JPY factors are Increasing and CAD endogenous factors are mix to decreasing.
4-Forex Conditional Scoring: Data is mix or mix to decreasing for JPY & Increasing for CAD
5-Global LEI & GDP: is overall increasing
Overall as we can say JPY index is in Buy and CAD index in also Buy, so we can expect to continue bearish trend
What I am seeing on a weekly chart, CADJPY, may surprise soon.
You can see here a weekly chart for CADJPY, It's quite apparent the uptrend, and the price on a weekly has been in a huge rising wedge since March 2020, nearly 5 years ago.
This year alone, there have been at least 3 moving averages cross-ups supportive of higher prices to continue, the one that interests me the most is the most recent MACD bullish cross-up on the signal-line.
Fibonacci Retracement levels from recent weeks, all line up in price in that golden zone area between 50% and 38.2%.
This is all lining up nicely on the weekly chart for long positions again soon on CADJPY.
Now here is the Daily chart, the first thing that's apparent is the sell off this week, the chart also leaves a feeling that bearishness is set to continue. I differ and I think bulls will be buying this from the start of next week and price action will start to turn back to the upside at some point during next week.
Finally, I want to take a look at a very low timeframe and see what is developing there.
CAD/JPY Analysis – Potential Bearish SetupThe CAD/JPY pair is showing signs of bearish momentum within a descending channel on the 1H timeframe. The recent price action indicates potential for further downside, supported by technical confirmations:
Descending Channel: The price is respecting the boundaries of a well-defined bearish channel, suggesting continued downward momentum.
Weak Low Formation: The pair has formed a weak low at 106.229, potentially signaling the market's intention to grab liquidity below this level.
Bearish Order Block: A supply zone near 107.150 is acting as strong resistance, aligned with the channel's upper boundary.
Break of Structure (BOS) and ChoCH: Multiple BOS and ChoCH patterns indicate a bearish shift in market structure, adding confidence to the downside bias.
RSI Confirmation: The RSI shows bearish divergence, further supporting the bearish outlook.
🔑 Plan:
Entry Zone: Around 106.250 (near the weak low).
Take Profit Targets:
TP1: 105.502
TP2: 104.675
Stop Loss: Above the 107.150 resistance level to limit risk.
This setup offers a favorable risk-to-reward ratio for traders looking to capitalize on CAD/JPY's bearish momentum. As always, risk management is key—trade responsibly and monitor for any unexpected market shifts.
CADJPY BullishFundamental Analysis
Bullish CAD Factors:
Oil Prices:
Canada’s economy is heavily reliant on oil exports. Rising oil prices typically strengthen the CAD.
If crude oil prices rebound, CADJPY could move higher.
Economic Outlook:
Recent data might indicate improving Canadian GDP growth or employment figures, supporting CAD strength.
The Bank of Canada’s monetary policy stance (e.g., potential rate hikes or a neutral tone) can boost CAD sentiment.
Bearish JPY Factors:
BOJ Monetary Policy:
The Bank of Japan continues its ultra-loose monetary policy, suppressing JPY strength.
Low interest rates and yield curve control weaken the JPY compared to higher-yield currencies like CAD.
Risk-On Sentiment:
During December, markets often exhibit a "Santa rally" (bullish equities). Risk-on sentiment favors CAD over the safe-haven JPY.
Seasonality:
Historically, CADJPY trends bullish in mid to late December due to:
Increased demand for risk assets.
Seasonal oil demand, which strengthens CAD.
Year-end positioning and reduced JPY demand in global markets.
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Technical Analysis
The CADJPY chart indicates bullish divergence on the RSI.
Price is making lower lows while RSI is making higher lows, suggesting a potential reversal.
The pair is testing a strong support zone around 105.00–106.00.
Historical price action shows that this level has acted as a significant support in the past.
A falling wedge pattern is forming:
This is a bullish reversal pattern, indicating that a breakout to the upside is probable.
Bullish divergence near the oversold region signals buying pressure is increasing.
Increasing volume near the support zone may confirm a breakout to the upside.
CADJPY - 4hrs ( Sell Trade Target Range 200 : 400 PIP ) 🟢 Pair Name :CAD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
———————————
Bearish Break
109.200 area
Reasons
- Major Turn level
- Visible Range Lvn
- Channel Break
- Day / week low
- Choch Zone
Bullish Reversal
105.800 Area
Reasons
- Major Turn level
- Visible range Lvn
- Choch Zone
- Pattern Target
- Fibo Reversal Cluster
CAD-JPY Potential Long! Buy!
Hello,Traders!
CAD-JPY is falling down
And the pair is locally
Oversold so after it hits
The horizontal support
Level of 105.000 we will
Be expecting a local
Bullish correction
Buy!
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Check out other forecasts below too!
CADJPY: Long Trade with Entry/SL/TP
CADJPY
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy CADJPY
Entry Level - 106.23
Sl - 105.60
Tp - 107.80
Our Risk - 1%
Start protection of your profits from lower levels
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CADJPYHere is our view on CADJPY . Potential short opportunity.
CADJPY has been following the downtrend for quite some time now. After its pullback to 107.100 the H4 is turning bearish again. After considering this we might continue following the trend and target lower levels such as 105.400 and 104.780 where our TP (Take Profit) is sitting at. If we break above our SL (Stop Loss) sitting at 107.485 we might visit higher prices. Our entry is at market price (current) sitting at 106.665 .
PARAMETERS
- Entry: 106.665
- SL: 107.485
- TP: 104.780
KEY NOTES
- CADJPY is in a downtrend.
- CADJPY has made its pullback to 107.100.
- Breaks above our SL (Stop Loss) would result in higher prices and possible reverses.
Happy trading!
FxPocket
Focus on CADJPY: Pre-London Session AnalysisHi traders,
The focus today is on CADJPY during the pre-London session. I believe we have a bullish setup forming, often referred to as a Late Session Reversal or Late Day Reversal.
Price Analysis
The bullish move in CADJPY began late during the New York session yesterday.
The overall trend has been bearish, with the last leg showing a 3-wave extension below the accumulation zone.
Interestingly, the downtrend's origin was marked by a momentum high, suggesting that price should, at a minimum, retest that level.
So far, we've seen a completed bullish wavestructure with accumulation forming above High 3, indicating strong buyer interest.
The plan is to buy into the next bullish wavestructure once price breaks above the current internal momentum high.
Our initial target is 107.45 (the Momentum High).
Fibonacci Analysis
Using Fibonacci from the Low (0) to High (3), we see indications of further bullish potential.
The High (5) or Internal Momentum High stalled at T1 (23.6% extension) of the 0-3 wave.
This signals a likely continuation with a stronger second wave structure, aiming towards the Major Extension 1 (107.993)
Wishing you a successful trading week!
CADJPY-SHORTCADJPY was trading in a bullish channel,now a top has been formed at the H4 and its seems that now the bullish channel will break with a short oppurtunity at the break of neckline.
Bearish drop?CAD/JPY is rising towards the pivot which acts as an overlap resistance that lines up with the 23.6% Fibonacci retracement and could drop to the 1st support which has been identified as a pullback support.
Pivot: 107.30
1st Support: 104.85
1st Resistance: 108.95
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short sell/ downtrendmy quick simple analysis on CADJPY which shows a short movement, as we can see the price is making Impulsive and retracement movement, and now it's retesting the new resistance
CADJPY: Important Breakout 🇨🇦🇯🇵
CADJPY broke and closed below a key daily horizontal support.
After a breakout, the broken structure turned into a resistance.
With a high probability, the market will continue falling
and reach 105.37 level soon.
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CADJPY Long -In line with my JPY asset analysis.
this is a counter trend idea. looking for price to hold this POC to take it all the way up to the November VA. very small trade to start with. will look to piece in if price confirms this idea.
CAD/JPY Short Setup – Bearish Continuation ExpectedI’m observing a potential bearish continuation on CAD/JPY. The pair has recently broken key support levels and is trading below the 200 MA on the 4H chart, signaling strong downward momentum.
Key Analysis
Resistance Levels: The price is expected to retest the zone around 108-108.15, which could act as a strong resistance. If the price reject that level, then I will ENTER SHORT. Failing this, I am not entering.
Support Levels: The first target is near 105.8–106.0. If broken, the price may head toward the 104.0–105.0 range.
Confluence Factors: Weakness in CAD due to declining oil prices and risk-off sentiment could drive this move. JPY strength may increase as a safe-haven currency amid market uncertainty.
Risk Management: Stop-Loss: Above the 108.5 resistance zone. Take-Profit: Incremental levels around 106.0 and 104.5.
CAD/JPY Short Setup – Bearish Continuation ExpectedI’m observing a potential bearish continuation on CAD/JPY. The pair has recently broken key support levels and is trading below the 200 MA on the 4H chart, signaling strong downward momentum.
Key Analysis
Resistance Levels: The price is expected to retest the zone around 108-108.15, which could act as a strong resistance. If the price reject that level, then I will ENTER SHORT. Failing this, I am not entering.
Support Levels: The first target is near 105.8–106.0. If broken, the price may head toward the 104.0–105.0 range.
Confluence Factors: Weakness in CAD due to declining oil prices and risk-off sentiment could drive this move. JPY strength may increase as a safe-haven currency amid market uncertainty.
Risk Management: Stop-Loss: Above the 108.5 resistance zone. Take-Profit: Incremental levels around 106.0 and 104.5.
CADJPYCADJPY
The potential sell scenario for the pair next week:
The pair is to be monitored as it approaches the designated sell zones on the chart.
CADJPY - Short from bearish order block !!Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to continue the retracement to fill that huge imbalance higher and then to reject from bearish OB + institutional big figure 108.000.
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Understanding Trends and Waves in TradingIntroduction
In trading education, recognising price movements is crucial. Prices move in trends, and these trends move in waves. Understanding these waves is essential for successful trading.
The Two Types of Waves
Impulsive/Primary Trend
Comprises a minimum of five waves.
Dictates the overall direction of price movement.
Corrective/Secondary Trend
Comprises a maximum of three waves.
Provides insights into the ongoing trend.
This phase is the most critical for traders to master.
Conclusion
To trade successfully in a trending market, it’s vital to learn how to accurately count waves. Mastering this skill can significantly enhance your trading decisions. Best wishes for your trading success!
