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CADJPY

Strifor || USDCAD-10/13/2023Preferred direction: BUY Comment: The US dollar strengthened against the general background and against the Canadian. Now the price is at the level of 1.36545, which most likely foreshadows further strengthening of the buyer. It is excellent to take a long position from this level; one can comfortably place a stop under the level and, in case of a stop loss, try to calmly re-enter. The target of growth is updating local max. Thank you for like and share your views!
Long
by Strifor
7
CADJPY H4 | Heading into 38.2% FiboCAD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 108.896 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 109.680 which is a level that sits above an overlap resistance and the 50.0% Fibonacci retracement level. Take profit is at 107.490 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
CADJPY H4 | Rising into 38.2% Fibo resistanceCADJPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 108.904 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 109.580 which is a level that lies above an overlap resistance and the 50.0% Fibonacci retracement level. Take profit is at 104.790 which is a swing-low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
CADJPY - Lets Stick To The Trend!*This post is slightly late as this move was so sudden, however this setup is still valid* Analysis: Bullish Confluences Strong upwards trend Massive wick rejection Retesting an area of significance In an ascending channel Upwards trendline touch The CAD is the 3rd weakest major currency whereas the JPY is the second weakest major currency 17K short position decrease for the CAD 8K short position increase for the JPY Bearish Confluences 2K long position decrease for the CAD Recent CAD news has been bearish Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
22
💱CADJPY - A retest of support will send the price down CADJPY breaks uptrend support and after another correction forms a signal that suggests that the market is preparing for further decline TA on the high timeframe: 1) After breaking the 109.268 support, a correction is formed. In the medium term, the price may test this line before further growth 2) The market is interested in the liquidity area below 109.336 and 0.5 Fibo level. TA on the low timeframe: 1) A break of trend support is forming - a risk zone for price. The market is rebuilding 2) The level of 109.938 is formed and after a small correction to 110.3 the price returns to the support and forms a signal. 3) Breakout of 109.938 and price consolidation below the level will form a sell signal. Key resistance📈: 110.37 Key support📉: 109.938 and 109.226
Short
by AndeWave
9
A Promising Trading StrategyThe star trade of the week. I'm currently waiting for a shorting opportunity on the bearish shark pattern off the weekly chart. Trading off the weekly chart directly would send my initial risk through the roof. While we could always reduce our trading size when trading off the higher timeframe, it doesn't make sense to me. I'll be waiting for a bearish 5-0 pattern to complete at 110.56. My initial stop-loss is at 110.96, which is approximate -40pips or -400USD/lot. My first target is at 109.96, which is approximately 1,000USD/lot. However, there's also a bullish shark pattern that has completed at 109.96, so there's no reason why you can't engage on that as well. Remember, it's important to plan your trade and trade your plan. Never follow any trader blindly.
Short
by RaynLim