CADJPY next possible move"It’s not the time you have, but what you do with it that matters." – Bruce Lee.
In the world of trading and investing, this quote carries profound meaning. Every minute you spend learning, analyzing, and planning your strategies adds another brick to the foundation of your success. Don’t be discouraged by the passage of time or past failures. What truly matters is the quality of the effort you invest.
Make every moment an opportunity to grow, refine your skills, and move closer to your goals. Results will come to those who use their time with purpose and determination.
Remember, the market rewards those who act with perseverance, not those waiting for a miracle solution. 🚀📈
CADJPY
Bearish reversal?CAD/JPY is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support which has been identified as an overlap support.
Pivot: 108.44
1st Support: 107.05
1st Resistance: 109.38
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCAD and CADJPY Analysis Ahead of BoC Interest Rate DecisionWith the Bank of Canada (BoC) interest rate decision approaching, we analyse USDCAD and CADJPY using the Daily and H1 timeframes to uncover potential trading opportunities.
Market Outlook:
CADJPY:
The overall market structure appears bearish following a completed wave pattern and a corrective wave. We anticipate further downside movement, signalling potential short-selling opportunities.
USDCAD:
The pair remains strongly bullish, with expectations for the current uptrend to continue. However, a potential wave-structure pullback on the Daily chart could provide a favourable buying opportunity.
Stay blessed and happy trading!
CADJPY Will Fall! Sell!
Here is our detailed technical review for CADJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 107.583.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 106.848 level.
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.
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Bullish bounce?CAD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 105.77
1st Support: 104.88
1st Resistance: 108.47
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CAD/JPY Short term Trade following up on ascending channelHi friends today we are starting off with a fantastic opportuntiy following up on the positive beat on the CADJPY formulating an ascending channel we will test the lower levels of 107 and then we will see if there is more value to be extracted.
Entry : 106.385
Target : 107.100
Stop loss : 106.039
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
CADJPY Is Going Up! Buy!
Take a look at our analysis for CADJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 106.432.
The above observations make me that the market will inevitably achieve 107.126 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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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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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
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 - 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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LIVE MARKET ANALYSIS & TRADE IDEAS: USDJPY, GBPUSD, GBPAUD & CJHello Traders,
Starting off early today with a big shout out to @TradingView for their continuous improvements to the platform and the valuable tools they provide to the trading community. Well done!
Here’s my analysis for today:
USDJPY H4
The USDJPY has formed a Momentum Low, signalling a potential trend reset. The underlying trend remains bullish on this timeframe.
Expectation: Increased buying activity is anticipated from the current price level.
GBPAUD H4
The GBPAUD is trading within a 915-pip range. Inside this range, price fluctuations create highs and lows. Applying the range trading principle—buy low, sell high—recent price action shows a bullish wave structure completed on the smaller timeframe following a rally from the Momentum Low.
Current Observation: A trend reset is occurring on the smaller timeframe, breaking below 1.9508.
Trading Approach: Look for a failure to make a Lower Low (LL) on the 5-minute chart and seek opportunities to trade to the upside.
GBPUSD H4
The GBPUSD remains in a downtrend on the H4 timeframe. However, a significant reset has occurred, forming Structure 4 at 1.2714.
Ideal Trade: The preferred strategy is to sell GBPUSD. However, based on wave structure analysis on the lower timeframe, the price is not yet primed for a bearish move.
CADJPY H4
The CADJPY exhibits similar behaviour to the USDJPY, with a recent dip below the previous Momentum Low. Yesterday, a bullish trend-changing pattern emerged.
Trading Opportunity: Look for buying setups above 107.46 based on the current price action.
Wishing you successful trades and a blessed weekend!
CAD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
CAD/JPY is making a bearish pullback on the 6H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 109.933 level.
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