CADJPYThis is what I would consider a "B" setup for myself. Second time this year I'm going for it. Although we are near a strong support level, I would like to see if price could retest the previous support range (color box on chart). Although price has been falling with the bearish activity simmering down a bit, maybe we have bears in the market that haven't fully closed and are still testing the lows before a true move up. Looking for a small target range as listed on the chart.
CADJPY trade ideas
Longs ContinuationLooking to Hold this Trade for a continuation move.
The Canadian dollar shows strength against the Japanese yen, supported by stable oil prices and a firm Canadian economy.
The Japanese yen's weakness, amid decreasing safe-haven demand, further supports a bullish outlook for this pair.
Update on CADJPY set up.On my last post on CADJPY i had it dropping to 100. - 90. Levels, i still believe price is Bearish overall, been holding this trade for a while, im still holding even do price is already giving me signs of a possible reversal on the 102. Level, but i need more confluences, price did hit my Tp1 at the Market Low ( 101.500 ) if price starts breaking the 104. Level then most likely ill change my bias and give my analysis for a possible next move. Right now, im just holding all the pairs I've posted.
CADJPY Potential longsFX:CADJPY
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📝 Price spiked by 300 pips after tapping into the strong support on 9 April but lost its momentum shortly after without breaking the daily trendline, suggesting sellers still in control. Price has now reached its daily trendline zone again, on the current price on the day of market close, we see a rejection candle on the 2H chart and slight push upwards.
📝 The buy structures have retraced to its demand zones on each key levels before continuing to push price upwards, forming a compression. If price breaks above the daily trendline and closes above with good momentum, I may expect price to go back and contest the 104.604 candle that gave the bears control for 2 weeks. Therefore, we can use lower timeframe confirmation to hop on buys when price breaks upward and retest.
CAD/JPY 2 Day AnalysisOver March and April 2025, price has been trying to break the 101.50 to 102.00 zone which was support in August 2024.
The last 2 day candle in this area printed as a bullish Hammer candle which was followed by 2 more bullish candles.
We may possibly see price break out above the trendline and buyers taking control of the market.
This is an idea of what may happen. Also use a profitable trading strategy combined with good risk management.
CADJPY: Bearish Continuation & Short Trade
CADJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADJPY
Entry Point - 103.70
Stop Loss - 104.30
Take Profit - 102.64
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CADJPY Technical Analysis! SELL!
My dear subscribers,
CADJPY looks like it will make a good move, and here are the details:
The market is trading on 103.88 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 103.40
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the CAD/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 101.200.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CADJPY Wave Analysis – 23 April 2025
- CADJPY reversed from strong support area
- Likely to rise to resistance level 104.00
CADJPY currency pair recently reversed from the strong support area between the long-term support level 101.60 (which stopped the sharp downtrend in August of 2024) and the lower daily Bollinger Band.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Piercing Line.
Given the strength of the support level 101.60 and the bullish Canadian dollar sentiment seen today, CADJPY currency pair can be expected to rise toward the next resistance level 104.00.
CAD/JPY we reached bottom levels , great time to collect value!Hi guys we are going to take a look at the CAD/JPY Pair!
Technical analisys -
Currently the pair has reached a bottom level around the 101 zone whichwe can see big support from buyers, additionally the MACD is finishing a down turn momentum formulating a cross over towards an Ascending Channel , the RSI is sitting at neutral / oversold areas on 2H and 4H timeframes
Fundamentals - We are still looking into the monetary policy overlooeked from BoJ and additionally the expected economical data from Canada in the eyes of strong Retail Sales.
📌 Trade Plan
📈 Entry: 101.400
✅ Target 1 : 102.200
✅ Target 2 : 103.100
❌ SL: 100.500
R/R is 1:3
Bullish rebound?CAD/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 100.55
1st Support: 98.99
1st Resistance: 104.88
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