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JAPANESE YEN / CANADIAN DOLLAR

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Intraday Trend Analysis - CADJPY, GBPUSD & AUDUSDToday, we're analysing CADJPY, GBPUSD, and AUDUSD. Key Note: Price is the leading indicator and reflects trader perception. We use price structures/wave structures to determine high probability price directions in the short, medium, and long term. CADJPY: Bullish trend continuation after a structural reversal. Look to buy after every pullback above 117.50. GBPUSD: Intraday downtrend. Strong momentum high yesterday. Sharp rejection during the New York session. Expect price to trade below 1.2620 after a correction. AUDUSD: Strong downtrend. Directional bearish wave structure. Look for a correction to break above wave structure 4 before shorting. High probability of a new momentum low below today's current low.
by Charts247TradingAcademy
1
CADJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHILO Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Red Color Lines) in 4H and look for possible again (if possible ) in the same direction again * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA ReEntry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Long
by GreggiBond
CADJPY - 4hrs ( Sell Trade Target Range 240 PIP ) ☑Pair Name : CAD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✔️Bearish Reversal 117.600 Area reasons - Major Choch Zone - Visible range hvn - Counter Trend - Mjaor Channel Upper band - weekly Hvn - Fbio Golden Zone ✔️Bullish Reversal 115.200 Area Reasons - Major Turn level - VIsible range Hvn - Pattern Target - Quarters Area - Trend Line Area - Choch / D
Short
by GoldenEngine
1
Forex Price analysis - GU, AU, UC, UJ and CJWelcome to this week's Forex Price Analysis for the week starting June 30, 2024. We're analysing GBPUSD, AUDUSD, USDCAD, USDJPY, and CADJPY. GBPUSD: The bullish wave structure is broken. High probability sell at 1.2654 targeting 1.2612. AUDUSD: A bearish wave suggests a buy at the low. A strong rally on Friday. Prefer buying after a correction to the 0.6640 buy zone. USDCAD: A bearish move on Friday indicates a revisit to 1.3734. Expect lower prices to 1.3627 before buying. USDJPY: Strong uptrend last week. Bullish wave failed; trend change pattern with a corrective wave in Fibonacci sell-zone. Trade below 160.70 suggests further decline. A break above 160.96 negates selling. CADJPY: Similar to USDJPY. Potential downside after Thursday's high. A strong break of the high on Friday suggests an uptrend continuation. A break below 117.43 indicates a selling opportunity after a pullback.
by Charts247TradingAcademy
Japanese Yen Losses Draw Suspected Intervention After BoJ OutlooThe 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. Donnelly says the rise in initial unemployment claims revealed in the Department of Labor's weekly reports during May and falls in job openings highlighted by recent Bureau of Labor Statistics JOLTS surveys, imply a soft payrolls number on Friday. Consensus is looking for non-farm payrolls to rise 185,000 for May on Friday, up from 175,000 in April, but Donnelly says this positive skew is surprising in light of survey data pointing toward a softening of the labor market over recent weeks. "I would think the exact opposite makes sense and a 4.0% unemployment rate is much more likely than 3.8%," Donnelly said. USDJPY was quoted 0.21% higher around 156.24 on Thursday while CADJPY was 0.09% higher around 114.02.
by FXBANkthe8055
CADJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHILO Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H * 1:3 RRR * TAYOR * Every trade has a possibility to change its direction A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA ReEntry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Long
by GreggiBond
CAD/JPY Bullish Breakout: Navigating Strong Upward MomentumFollowing a solid breakout above recent resistance levels, CAD/JPY is demonstrating strong upward momentum, underscored by a well-established ascending trend line. The pair is currently setting its sights on the 118 level, a move fueled by robust trading volumes and bullish sentiment. This chart provides a technical analysis of the ongoing trend, focusing on key resistance-turned-support points and potential future trajectory. Traders should watch for continued support along the ascending trend line, which could play a crucial role in sustaining the upward movement. Keep this pair on your radar as it approaches the critical 118 level, signaling potential opportunities for bullish entries.
Long
by GlobalMarketGuru
CADJPY Trading Plans (Post Inflation)We have seen a further rally since the odds of cutting did not drastically change post CPI in Canada. We know BOJ is potentially looking at intervention, just as before. 1) We are hitting where we feel previously and larger orders came in the Market. This gives us a technical short area. 2) Sentiment is the same in regards to the above. 3) Risk management (sizing should be low) due to the inherent nature of JPYs over recent history to swing.
Short
by WillSebastian