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Canadian Dollar / Japanese Yen

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CADJPY trade ideas

CADJPY uptrend detected ! 106.000 TargetThe current price is positioned at a crucial key level, serving as a significant point of interest for market participants. Given this strategic positioning, we anticipate an upward movement in the short term, driven by potential buying momentum and market optimism. If this level holds as a strong support, it could act as a catalyst for bullish sentiment, encouraging further price appreciation. However, it remains essential to monitor market conditions and external factors that may influence price dynamics, ensuring a well-informed approach to trading decisions.
Long
by Ryanken
Accurate Entries using the H4, I am BUYING CADJPYAll the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!! www.tradingview.com
Long
by Simply-Forex
Bullish momentum to extend?CAD/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 104.86 1st Support: 104.28 1st Resistance: 106.56 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.
Long
by ICmarkets
CADJPY What Next? SELL! My dear friends, Please, find my technical outlook for CADJPY below: The instrument tests an important psychological level 105.42 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 104.26 Recommended Stop Loss - 106.00 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
CADJPY shortLooking at a level on CADJPY. Possible short around a 4hr 61.8% retracement and downtrend line with RSI divergence. For the longer term position I'd like to see the recent low and counter trendline broken to confirm the reversal of the counter trend, also accompanied by volume profiles printing lower POC's. Current daily profiles aren't providing too much in the way of a reversal other than a previous b shape and a double distribution on yesterdays profile. This double distribution could provide us with a shorter term, possibly intra day short target, as seen in the screenshot. JPY - The BoJ currently have a 71% probability of a rate hike in their May meeting with inflation holding above their target rate although they have stated they will be cautious adjusting their monetary policy amid global trade risks. Their labour market remains fairly strong with low unemployment and a high level of job openings CAD - The BoC has cut rates at a much faster pace than other central banks, 7 cut from the high of 5% to the current rate of 2.75%. In their recent policy statement however, they have stated they'll take a more cautious approach going forward as their YoY CPI increased from 1.9% to 2.6%, the highest level in 8 months. A weaker reading in upcoming inflation and/or employment metrics would help to tilt the scales more in favour of a dovish BoC. Potential risks - Continuing rise in oil prices might prop up the CAD and risks around Trumps tariffs could push back on central banks to make an definitive moves in upcoming rate decisions.
Short
by ElGore18
CAD/JPY: Bullish Structure Holds with Breakout PotentialThe CAD/JPY market continues to show bullish strength, forming a clear sequence of higher highs and higher lows. On the daily timeframe, an inside bar pattern has emerged, indicating a period of consolidation that may lead to a bullish continuation, especially with the candle closing above the 105.000 level. At the moment, the price is testing Monday’s high, and a breakout above this point could trigger further upside. The market may form a range around the current level before continuing its move higher from the previous week’s high and the upward trendline. The next target is the resistance zone around 106.300
Long
by RTED_Investing
Lingrid | CADJPY anticipating UPWARD Continuation after PullbackThe price perfectly fulfilled my previous idea . It hit the target. FX:CADJPY market is showing bullish dominance, by the formation of higher highs and higher lows. On the daily timeframe, an inside bar pattern has formed, suggesting a potential consolidation followed by a continuation move since it closed above the 105.000 level. Currently, the price is testing the Monday high, and if it breaks above this level, we can anticipate further upward movement. I expect the price to establish a range around this level before advancing to higher levels from the previous week high and upward trendline. My goal is the resistance zone around 106.300 Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Long
by Lingrid
7
Elliott Wave View: CADJPY Looking to Rally in 7 Swing WXY StructShort Term Elliott Wave view in CADJPY suggests pair ended cycle from 11.20.2024 high in wave (W) at 101.35 as the 1 hour chart below shows. Pair is looking to correct cycle from 11.20.2024 high within wave (X). Internal subdivision of wave (X) is unfolding as a double three Elliott Wave structure. Up from wave (W), wave ((a)) ended at 103.64 and pullback in wave ((b)) ended at 102.02. Wave ((c)) higher ended at 105.029 which completed wave W in higher degree. Down from there, wave ((a)) ended at 104.16 and wave ((b)) rally ended at 104.92. Wave ((c)) lower ended at 103.13 which completed wave X in higher degree. The pair resumes higher in wave Y with subdivision as a double three structure. Up from wave X, wave ((w)) ended at 105.49. Pullback in wave ((x)) is in progress to correct cycle from 3.20.2025 low before it resumes higher. Near term, as far as pivot at 101.35 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside. Potential target for wave Y higher is 100% – 161.8% Fibonacci extension of wave W. This area comes at 106.75 – 109 area where sellers may appear for further downside.
by Elliottwave-Forecast
Bearish drop?CAD.JPY has reacted off the pivot which has been identified as an overlap resistance and could fall to the overlap support. Pivot: 105.30 1st Support: 103.56 1st Resistance: 106.09 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.
Short
by ICmarkets
CAD/JPY SENDS CLEAR BEARISH SIGNALS|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 104.075. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
CAD-JPY Bullish Breakout! Buy! Hello,Traders! CAD-JPY is trading in a Local uptrend and the pair Made a nice bullish breakout Of the key horizontal level Of 104.829 which is now A support and the breakout Is confirmed so we are Locally bullish biased and We will be expecting a Further bullish move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TopTradingSignals
1