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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

CADJPY Will Fall! Short! Please, check our technical outlook for CADJPY. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 111.409. Taking into consideration the structure & trend analysis, I believe that the market will reach 110.837 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Capitalizing on CAD/JPY: Seizing Selling Opportunities Amid ExteHey traders, Let's talk about CAD/JPY and the lucrative selling opportunities it presents amidst changing external liquidity conditions. With two significant liquidity takeouts, the market is signaling potential turbulence. It's a critical time to adapt your strategy and capitalize on selling opportunities. Utilizing the SIBI analysis: Strength: Evaluate the strength of CAD and JPY individually, looking at economic data and market sentiment. Interest: Assess market interest in CAD/JPY through trading volumes and sentiment indicators. Balance: Gauge the balance between supply and demand, watching key levels and chart patterns. Imbalance: Identify any market imbalances that could favor selling, such as overbought conditions or divergences. If you're eyeing a sell position, wait for confirmation signals that align with your strategy. Manage your risk diligently and stay disciplined. Remember, trading carries risk. This analysis serves for informational purposes only. Good luck out there!
Short
by Asif_Brain_Waves
Cadjpy Short Analysis Or Chart As of now, it may touch back the upper level a bit. then It will come back after touching a resistance which you can see on this 4 hour chart. If we talk about the weekly trend, then the weekly trend will also go down with strong formations and it includes strong candle formations. you Can sell it from 111.75-111.85 Area and you can use Stop loss 112.55 First Target of this trade is 110.55 and for second Target you can Hold it for 109.50 Level
Short
by Frontline_Traders
1
Lingrid | CADJPY pullback to SUPPORT and UPWARD moveThe market moved up and closed above the resistance zone. FX:CADJPY is pulling back to support after breaking the level. The price broke and fixed above the key level at 111.000. On the daily timeframe, the trend is bullish. I expect a pullback to support the level and then an upward move toward recent resistance because the market is updating swing highs and lower highs. My goal is the resistance at 111.790 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
15
CADJPY: Waiting For Confirmation 🇨🇦🇯🇵 CADJPY is trading in a bullish trend. After setting a new higher high higher close on a 4H time frame, the pair started to consolidate within a horizontal trading range. I am waiting for a bullish breakout of the resistance of the range. 4H candle close above 111.76 will indicate the strength of the buyers. A bullish continuation will be confirmed then. Next resistance will be 112.0 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1