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Cadjpyanaysis

CADJPY possible buy zone!!CADJPY on the lower timeframe has formed a bullish price action after multiple liquidity grab from support. Long-term price is highly bullish including monthly, weekly, and daily price action is bullish. As news coming later today, there is a high probability for the price to have a spike, and on the test of the long trend line, we could potentially see a rise from this support. Upon price action confirmation, a buy trade is a high probability. Press the like button if you enjoy this content :)
Long
by ForexWizard01
CADJPY : Current Situation & Technical , Fundamental View⛔️ There is no special INDICATOR for Canadian dollars today. Also, there is no special INDICATOR DATA for JPY. This is why CAD OIL PRICE and JPY MARKET SENTIMENT are FOLLOWED. ⛔️ The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to follow market sentiment. CADJPY BUY NOT BE WITHOUT VIX DOWN BY THE JAPANY YEN is also slightly up UP at the moment. For these reasons, the CADJPY price may fall further. ⛔️ CAD FEATURE is currently at 0.7665 LEVEL. Also the JPY FEATURE stays at 0.00778 LEVEL. The CADJPY PRICE is located below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be DOWN after another RETRACEMENT SHORT TERM. ⛔️ STOCKS are currently DOWN. And VIX is becoming UP. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are going down. Also BONDS SPREADS are becoming UP. By now the MARKET RISK is OFF. So definitely create a DOWN TREND for AUD CAD NZD and a UP TREND for JPY CHF USD. ⛔️ The CADJPY PRICE can be UP to the SUPPORT AREA above before the SHORT TERM DOWN. That is, 100.255 LEVEL can be UP. After that, if this MARKET SENTIMENT continues to operate, the PRICE can be down to CADJPY 95.71 LEVELS. There is not much important news for Japanese YEN and CAD today but most of the CADJPY MARKET SENTIMENT is FOLLOWED. According to the MARKET SENTIMENT, the CADJPY price may move slightly lower. Stay tuned for VIX and OIL PRICES.
by benny_marshall