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CADJPY trade ideas

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
CADJPY Analysis For A SELL Idea!!!!CADJPY - 4H Chart Sell Analysis Market Structure • The overall structure is bearish, with price forming lower highs and lower lows. • Price attempted to rally but failed to break above 105.000, a major supply zone and previous support turned resistance. • The most recent push above the highs appears to be a liquidity grab, followed by a strong rejection. Supply & Resistance Zones • Price reacted strongly to a key supply zone around 104.500 - 105.000. • Multiple rejections and wicks in this zone suggest heavy selling interest. • A fake breakout (bull trap) is visible, where buyers got trapped above resistance before a bearish move resumed. Price Action Confirmation • The bearish engulfing candle after the liquidity grab suggests a potential shift in momentum. • Price broke below a minor support level and is currently retesting it, aligning with a lower high formation. • The 50 EMA (blue line) is acting as dynamic resistance, further supporting the bearish bias. Target Zones • First target: 103.000 – a key intraday support and minor demand zone. • Main target: 102.000 - 101.800 – a strong demand area and previous low where price may look to rebalance and tap liquidity. Trade Setup • Entry: Around 104.000 - 104.100 after a confirmed retest of broken support. • Stop Loss: Above 104.500 - 104.700, outside the recent supply zone. • Take Profit: Partial at 103.000, final TP at 102.000. Confluences 1. Bearish trend continuation. 2. Liquidity grab above previous highs (105.000 area). 3. Rejection from major supply zone. 4. EMA resistance and structural confirmation of lower high. Final Outlook • If price stays below 104.300, sellers likely maintain control. • A clean break below 103.500 will confirm further downside. • A move and close above 105.000 would invalidate this sell setup.
Short
by DBFXTrader
CADJPY: Bearish Outlook as BOJ Stays HawkishHey Realistic Traders! BOJ’s Hawkish Stance, Will OANDA:CADJPY Turn More Bearish? Let’s Dive into the Analysis... Technical analysis On the H4 timeframe, CAD/JPY has repeatedly tested the 200 EMA but struggled to stay above it for long, indicating a strong bearish trend. Even the latest price correction failed to break above the 0.5 Fibonacci retracement level. Afterward, the price formed a bearish rising wedge pattern, followed by a breakout. The MACD indicator also signaled a bearish crossover, reinforcing the likelihood of further downside. Looking ahead, CAD/JPY could drop toward the first target at 101.505 and, if selling pressure persists, potentially reach the second target at 100.159. These levels align with previous price movements and key historical support zones. However, this bearish outlook remains valid only if the price stays below the key stop-loss level at 105.133. Market Sentiments Japan’s Bank of Japan (BOJ) is keeping its short-term interest rate steady at 0.5% while monitoring domestic wage growth and rising food prices. If inflation continues to rise, the BOJ may increase rates, potentially to 0.75% or higher, which could strengthen the yen and potentially make the CADJPY going lower. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CAD/JPY"
Short
by financialfreedomgoals101
7
CADJPY Under Pressure! SELL! My dear friends, Please, find my technical outlook for CADJPY below: The price is coiling around a solid key level - 104.65 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 103.67 Safe Stop Loss - 105.27 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1