Bullish on Cadjpystructure, followed by price actions is king.
structure was broken around 104.070 area, we wait for price to come back to demands zone for buy entry. our target area will be the previous highs.
target# 1 105.105
target #2 105.950
Key data points
Bullish bounce off pullback support?CAD/JPY has bounced off the pivot, which has been identified as a pullback support that lines up with the 38.2% Fibonacci retracement and could rise to the 1st resistance.
Pivot: 104.26
1st Support: 103.24
1st Resistance: 106.19
Risk Warning:
Trading Forex and CFDs carries a high level of risk t
CADJPY Will Go Higher! Long!
Take a look at our analysis for CADJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 103.810.
Taking into consideration the structure & trend analysis, I believe that the market will reach
CAD_JPY LONG FROM SUPPORT|
✅CAD_JPY has been falling recently
And the pair seems locally oversold
So as the pair is approaching
A horizontal support of 104.200
Price growth is to be expected
LONG🚀
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CADJPY SELL IDEA-The daily chart is showing a Head and shoulders pattern, with the right shoulder complete, as indicated by the last daily close.
- H4 is also showing a Head and Shoulders Pattern with the right shoulder complete. Additionally, Price reached a major supply zone (Circled areas) and fell, forming a h
EUR/NZD Short and CAD/JPY ShortEUR/NZD Short
Minimum entry requirements:
• If tight non-structured 5 min continuation forms, reduced risk entry on the break of it.
• If tight structured 5 min continuation forms, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation
CADJPY: Bullish Continuation Confirmed 🇨🇦🇯🇵
Look how strongly CADJPY reacted to a recently broken
resistance that turned into a support after a breakout.
A bullish violation of a resistance line of a falling wedge on an hourly time frame
with a bullish imbalance confirms a highly probable growth.
The price will go up at least to 105.09
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of JPYCAD is 0.009561 CAD — it has increased by 0.27% in the past 24 hours. See more of JPYCAD rate dynamics on the detailed chart.
The value of the JPYCAD pair is quoted as 1 JPY per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 JPY.
The term volatility describes the risk related to the changes in an asset's value. JPYCAD has the volatility rating of 0.28%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The JPYCAD showed a −0.95% fall over the past week, the month change is a 0.15% rise, and over the last year it has increased by 9.54%. Track live rate changes on the JPYCAD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
JPYCAD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade JPYCAD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with JPYCAD technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the JPYCAD shows the buy signal, and 1 month rating is neutral. See more of JPYCAD technicals for a more comprehensive analysis.