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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

Multi-Timeframe Live TradingThis strategy follows a multi-timeframe approach, using the 4-hour (H4), 1-hour (H1), and 15-minute (M15) charts. We start with the H4 timeframe, which gives us the overall market direction. It’s important to trade in line with this timeframe whenever possible. If there’s no change in direction on the H4, we move to the H1 to guide our next trade decision. If both the H4 and H1 show no change, we continue to follow the H4 trend. For the Tokyo session, we're focusing on CAD/JPY, which has shifted into a short-term uptrend, despite the H4 and H1 remaining in a downtrend. The potential trade for the London session is GBP/USD, aiming to trade the end of a bearish wave on the 15-minute chart. Happy Trading!
Long
by Charts247TradingAcademy
2
CAD JPY: Also Very Weak. Reversal Is Coming! I posted the Chinese Yuan & Japanese Yen Short-Trade a little earlier. Well the CAD JPY Daily Chart is almost a Carbon-copy of it. I would go so far as to say that this one is a tad weaker. Either should be a good Short-Trade. I will be on them both on Monday. I need a break from trading Gold. Variety in your trading is the spice right! I love the explosive, fast moves in Gold so long as I'm on the right side. I will work out a Stop Loss for this trade a bit later. The CAD will turn around soon as the low prices will bring demand back into the Canadian -currency & it will very quickly come out of its oversold condition. Meanwhile, I am confident there is some further weakness in the currency before things start to get rosy again.
Short
by Easy_Explosive_Trading
CADJPY View!!The risk around Friday's US non-farm payrolls number is to the downside and sales of USDJPY and CADJPY are likely to be the most interesting and more rewarding trades in this scenario, according to Spectra Markets' Brent Donnelly. "I don't think there is a major skew to FX or bond positioning going into NFP. Both USD bulls and USD bears continue to dabble tentatively, and then get rinsed. Over and over," said Donnelly, president at Spectra Markets and a veteran FX trader. "With big picture carry momentum halted by the MXN move, and yields already softening substantially this week, the downside in CADJPY and USDJPY on a weak release are most interesting. CADJPY looks 200 points too high to me," he added.
Short
by FXBANkthe8055
1
CADJPY trend line break out (chart of the day) CADJPY showed a nice jump after upbeat Canadian GDP data. It hits a high of 108.80 and is currently trading around 107.99. The economy rose to 0.50% y/y in Q1 in line with expectations from Q1 0.40%. the yearly GDP grew 2.1% in the Q2 ,well above estimate of 1.6%. Technicals- The pair trades above 34- and 55 EMA in the hourly chart. The near-term resistance is around 108, a breach above targets 108.80/109.20/110. The immediate support is at 107.65, any violation below will drag the pair to 107.20/109.90. Indicator (hourly chart) CCI (14)- Bullish CCI (50)- Bullish Average directional movement Index- bullish. All indicators confirms bullish trend . It is good to buy on dips around 107.97-108 with SL around 107.48 for a TP of 108.80/109.25.
Long
by FxWirePro