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Cadjpyanalysis

CADJPY SELL Trade Update First Target HitJust a qucik update on the CADJPY trade from this week as I wrote in the last post after price had took out the 2008 HIGH and then close back under this level then we would get a correction down towards the 107.5 area which was the previous high in current trend. This scenario played out last week with us selling early on Monday morning and dropping down to the 107.5 the move seems to be building a little bit of momentum so a drop further down towards 105 may be on the cards lets see what happens early next week as we do have the BOJ meeting next week so could be a catalyst for a bigger move up or down
Short
by TheFxAce
2
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - By this time, CADJPY was very well BUY with the G7 MEETING with some positive comments regarding OIL. So CAD automatically went up. The other reason is the RATE HIKE done by the BOC. Also, in the last few days, JPY WEAKNESS came unexpectedly. They are the FUNDAMENTAL event. - But after that the price of OIL rose very fast. Due to this reason CAD became STRONG very fast before. You can check it by going to CAD CHARTS. But now with JPY WEAKNESS, CADJPY is getting BUY very fast. - Right now the MARKET is getting somewhat RISK ON, JPY is going down, so CADJPY is getting BUY. - Definitely CADJPY should be slightly DOWN until 107.621 LEVEL. After that, the possibility of moving to 112.862 LEVEL is very high. The reason for that is because even now OIL PRICES are going up a bit. After that CADJPY price can go down to 103.955 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT.
by benny_marshall
CADJPY Where Too Next??? SELL Next Week ??The YEN cross pairs have been taking some beating this year and likely there may be more to come but llooking across all the pairs and also looking at the yen futures chart there should be a relief rally for the next week before the BOJ policy meeting at the end of the month which I am sure will be closely watched. Today I'm sharing the trade idea on the CADJPY for next if you look on the chart week we broke to new 14 year highs on the pair taking out the 2008 HIGH and then on Friday we had a daily close back under this level with a SELL signal on my price action indicator which is highly accurate at key levels so next week I see a move back down to the previous HIGH at 107.5 that was taken out this week if we mmanage to get a DAILY close under the 107.5 level a deeper corrrection down towards 105 area is likely which is was a newly formed WEEKLY DEMAND/SELL zone that became valid this week after the NEW high was printed. I still expect the market to target the MONTHLY SUPPLY/SELL from 2007 in the long term after it corrects down so which closely watch for BUY signals after the correction especially around 107.5 and below. The idea is to SELL on the open this week to target the 107.5 previous HIGH or below with a stop loss above the 2008 HIGH
Short
by TheFxAce
1
CADJPY Plan.Hello traders around the world! CADJPY on the weekly chart is looking great as the price is reaching a key area on the upper trend line. I won't be focusing on long positions in these 3 areas. I will be focusing on taking reversal patterns for short positions. 1st area is at the weekly upper TL around 115.000 2nd area is at the mass psychology rejection line around 125.544 3rd area is at the higher mass psychology rejection line around 137.390 Always wait for the right pattern before executing. Patience is key. #ThePrimes
Short
by alex_k_95
2
CADJPY : Current Situation & Technical , Fundamental View#CADJPY - By this time, CADJPY was very well BUY with the G7 MEETING with some positive comments regarding OIL. So CAD automatically went up. The other reason is the RATE HIKE done by the BOC. That was the recent FUNDAMENTAL incident. - But after that the price of OIL went down very fast. Due to this reason CAD went down very fast. You can check it by going to CAD CHARTS. But now with JPY WEAKNESS, CADJPY is getting BUY very fast. - Right now the MARKET is getting somewhat RISK ON, JPY is going down, so CADJPY is getting BUY. - There is a very high possibility that CADJPY will move up to the 108.032 level. The reason for that is because even now OIL PRICES are going up a bit. After that CADJPY price can go down to 102.990 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT. cadjpy
by benny_marshall
4