Downloading...
Download

CADJPY

CADJPY 1-Hour Analysis Hey traders! 👋 Let's dive into a technical analysis of CADJPY on the 1-hour chart. We've got some interesting insights to share! 📊 **Analysis** 📊 - **Time Frame:** 1 Hour - **Overall Trend:** Sideways - **Divergence:** None - **Trend Patterns:** None - **Reversal Patterns:** None Based on our analysis, we've identified potential buy and sell stop setups. Here are the details: **Buy Stop Trade Plan** 📈 - **Entry:** 107.938 - **Stop Loss:** 107.828 - **Take Profit:** 108.047 **Sell Stop Trade Plan** 📉 - **Entry:** 107.576 - **Stop Loss:** 107.654 - **Take Profit:** 107.498 📊 **Trade Rationale** 📊 The CADJPY pair is currently in a sideways trend with no clear divergence or trend continuation/reversal patterns. We're looking for potential breakout opportunities. 💡 **Investment Advice** 💡 Please remember that trading carries risks, and it's essential to manage your risk accordingly. Make sure to set stop-loss orders and only invest what you can afford to lose. Also, consider diversifying your portfolio to minimize risk. This analysis is for educational and informational purposes only. It's crucial to conduct your research and, if possible, consult with a financial advisor before making any trading decisions. Stay tuned for updates, and happy trading! 🚀💰 #ForexTrading #TradingStrategy #InvestWisely
by T-Q
CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
💱 CADJPY - An ascending triangle has been forming for a month CADJPY is gaining a strong resistance area of 108.000. Price continues to test the resistance in an ascending triangle format over the month. TA on the high timeframe: 1) We see an interesting pattern: a limit resistance level in the 108.000 area and a gradual pushing of the price towards this area 2) Minimums that are not updated, but growing. 3) Buyers have their own plan and continue to retest the resistance area. TA on the low timeframe: 1) The ascending triangle and frequent resistance level retests speak for themselves 2) The 108 level separates the market from a strong and sustained upward move. 3) Price may make a false breakdown of support and start testing the resistance area again. Key support📉: rising line, 107.087 Key resistance📈: 108.123
Long
by AndeWave
11
CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
CAD/JPY - 4hrs ( buy Trade After Break / Tp Range 240 PIP ) Pair Name : CAD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ❗️ Long After Break 108.000 ) Type : Mid Term Swing —————————— Bullish Break 108.000 Area Reasons - Major Turn level / w - Visible Range lvn - choch Area - Day / week High Break - fixed Range value Bearish Reversal 110.300 Area Reasons - Major Turn level - visible range / D Hvn - Pattern Target - Quarter's Area
Long
by GentleGoldenEngine
CADJPY - 4hrs ( Sell Trade Target Range 240 PIP ) Pair Name : CAD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ❗️ Short ) Type : Mid Term Swing —————————— Bearish Break 107.000 Area Reasons - Major Turn level / W - Visible Range hvn - CHoch Area - Fixed lvn - Day / week low Bullish Reversal 104.700 area Reasons - Major Turn level - Visible Range lvn - Liquidity Zone - Fibo Golden - Pattern Target
Short
by GentleGoldenEngine
CADJPY Two scenarios but sell opportunity more closely.The CADJPY pair is trading within a 5-month Channel Up pattern, exactly on its 1D MA50 (blue trend-line). We notice the formation of a Triangle within it, similar to April's. If the 1D candle closes below its Higher Lows trend-line, then we will sell targeting 104.250 (Support 1). If the price breaks above the Lower Highs, we will buy and target long-term the 2.0 Fibonacci extension at 114.775. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
Strifor || USDCAD-08/23/2023Preferred direction: BUY Comment: The buy scenario remains relevant. Additional pressure on the Canadian dollar has a downward trend in oil. Several important economic data are expected to be released today, both for Canada and the US. Undoubtedly, their results will affect the course. However, from the point of view of technical and volume analysis, most likely the instrument will tend to touch the resistance level 1.36545 in the very near future. Thank you for like and share your views!
Long
by Strifor
7
CadJpy- Has it topped?Since mid-march, CadJpy has had an impressive rally, with the pair gaining 1500 pips in only 3 months. A steep 500 pips correction followed the top consolidation and after this, the pair resumed its up move. However, looking at recent price action we can see that the pair is struggling and the last 4 attempts to reconquer 108 failed. At this moment the possibility of a lower high is probable and a new leg down could follow. Confirmation for this comes with a break under recent trend line support but aggressive traders could look to sell rallies against the recent top. In such an instance, a 1:4 r:r could be achieved.
Short
by Mihai_Iacob
2
CADJPY → Ascending triangle. Waiting for a breakthrough FX:CADJPY is forming a local upward trend. The currency pair is gaining resistance at 108.12 and forming an ascending triangle, most likely we will see some development in the near future. The currencies are weakening on the background of fundamental and geopolitical nuances, but the currency pair is getting stronger, overcoming one of the key levels at 107.6. Globally, CADJPY is in a bullish trend, but for the last few weeks the price has been stopping and forming a flat. Within the flat we see prerequisites for further growth. Earlier, the SMAs were tested, which now act as support. Resistance levels: 108.12 109.47 Support levels: 107.6, pattern support According to the mentioned prerequisites, I expect a retest of the figure resistance with further breakout and growth to the mentioned resistance. Regards R. Linda!
Long
by RLinda
8