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Cadjpyanalysis

CADJPY : Current Situation & Technical , Fundamental View⛔️ There is no special INDICATOR for Canadian dollars today. Also, there is no special INDICATOR DATA for JPY. This is why CAD OIL PRICE and JPY MARKET SENTIMENT are FOLLOWED. ⛔️ The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to follow market sentiment. CADJPY BUY NOT BE WITHOUT VIX DOWN BY THE JAPANY YEN is also slightly up UP at the moment. For these reasons, the CADJPY price may fall further. ⛔️ CAD FEATURE is currently at 0.7665 LEVEL. Also the JPY FEATURE stays at 0.00778 LEVEL. The CADJPY PRICE is located below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be DOWN after another RETRACEMENT SHORT TERM. ⛔️ STOCKS are currently DOWN. And VIX is becoming UP. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are going down. Also BONDS SPREADS are becoming UP. By now the MARKET RISK is OFF. So definitely create a DOWN TREND for AUD CAD NZD and a UP TREND for JPY CHF USD. ⛔️ The CADJPY PRICE can be UP to the SUPPORT AREA above before the SHORT TERM DOWN. That is, 100.255 LEVEL can be UP. After that, if this MARKET SENTIMENT continues to operate, the PRICE can be down to CADJPY 95.71 LEVELS. There is not much important news for Japanese YEN and CAD today but most of the CADJPY MARKET SENTIMENT is FOLLOWED. According to the MARKET SENTIMENT, the CADJPY price may move slightly lower. Stay tuned for VIX and OIL PRICES.
by benny_marshall
CADJPY Short As we can see the CADJPY has broken the bottom level of an ascending channel on a H4 time Frame, we expecting the pair to retest key levels listed on the graph We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Short
by Pro-Trading-Africa
1
Sell CADJPY [4 May 2022]Monthly: Bearish . Even though price has not entered my ideal sell zone between 109.00 and 113.00, there is a divergence on the monthly TF. So, there is a chance that market will start to drop before reaching my ideal sell zone. The current price is also at a sell zone which has been tested previously. But because it has been tested previously, the chances of price breaking through this zone is there. As such, there will be a few levels that I will be selling. Weekly: Bearish . Same reasoning as the above. Daily: Bearish divergence. There is an increase in the buying volume on 28/April/2022, the body of the candle is a strong bullish candle, however, the subsequent candle on 29th was a bearish candle, indicating there is not enough demand to push the price higher. H1: Market made a Break of Structure (BOS) which acts a confirmation for market to drop further. Waiting for price to re-enter the POI zone before we can place a trade. Considering that my bias is a strong bearish , the following price points would be the areas that I would be interested to sell and stack my positions. Entry 1: 102.05 Entry 2: 109.20 SL: 102.40 (I don't use SL because I will stack my positions until it goes to my direction). TP: 97.95
Short
by Syahmul
CAD/JPY Bullish HypothesisWhat's up traders, I have been really enjoying trading CAD/JPY recently and to keep myself more accountable I deciding to start posting more often and also to open my eyes to any helpful criticism from my fellow trading homies. I am a bit of a swing trader but I scalp during New York session because indices are frickin awesome. Here is CAD/JPY with a resistance I expect it to break within today's trading day so I am risking less with a looser stop to keep my trade comfortable. Based on it's movement on the 4hr I believe this trade is extremely plausible to occur. Trade safe!
Long
by ChimpanzeeYakuza
CADJPYThe Canadian dollar bounced on Wednesday at the ¥99 level, an area that should capture a lot of attention because it has historically been very important. Furthermore, we had initially seen a major push lower when we pierced that level for the first time, so now that we have pulled back to retest this area, a bit of buying pressure would make quite a bit of sense. At this point, it could come down to the oil market perhaps driving the Canadian dollar higher, or it may just simply be all about the Japanese yen. After all, the Bank of Japan continues to do everything it can to drive down yields, and this means that they are essentially “printing yen.” That works against the value of the currency, and this has been reflected in the markets over the last several weeks. That being said, we had gotten overdone, and this massive pullback has made a certain amount of sense. That pullback allows for people to pick up the trade at lower levels, which is certainly something that looks like we are going to do. Unless the Bank of Japan suddenly changes its attitude, it is difficult to imagine a scenario where we would see the Japanese yen recover for a longer-term move. Even if we break down below the ¥99 level, I see a lot of support all the way down to at least ¥97, so therefore it is probably only a matter of time before the market bounces. The market is obviously in a bullish move and as a result, I have no interest in trying to short this market until we break down below the 50-day EMA at the very least. If crude oil starts to rally, then that will more likely than not supercharge this pair, because Canada being a major exporter of oil and Japan importing all of its oil sets up almost perfectly. Because of this, this is a market that I will be paying close attention to, as it looks like oil is trying to support itself again. A move to the highs would make sense, which is near the ¥103 level. Shorting is impossible at this point, but if we do see another breakdown in the yen-related pairs, this might be one worth exploring.
Long
by SmoothJB
CADJPY : Current Situation & Technical , Fundamental View- INDICATOR DATA CORE RETAIL SALES, RETAIL SALES are to be released today especially for the Canadian Dollar. There is no significant news release for the Japanese YEN today. Because of this, if there is any change in the price of oil for CAD, it could have an impact on the Canadian dollar. - The Canadian Dollar is a COMMODITY BASED CURRENCY and continues to follow market sentiment. CAPJPY BUY NOT BE WITHOUT VIX DOWN BY THE JAPANY YEN is also slightly up UP at the moment. For these reasons, the CADJPY price may fall further. - CAD FEATURE is currently at 0.7914 LEVEL. Also the JPY FEATURE stays at 0.0078 LEVEL. CADJPY PRICE is located on DYNAMIC S / R LEVELS. So most likely the PRICE can be UP again SHORT TERM. - Currently STOCKS are getting somewhat DOWN. And VIX is getting a bit UP. Also COMMODITIES OVERALL DOWN. It's something special. Also BONDS PRICES are a bit GREEN. Also BONDS SPREADS are DOWN. There is currently no CLEAR DIRECTION in the MARKET. Maybe today's Friday because it's MARKETS CORRECTION. Currently the market has a NEUTRAL BIAS. - CADJPY PRICE can be DOWN to DYNAMIC LEVEL before UP. Then you can UP to 103.950 LEVEL. There is not much important news for the Japanese YEN today but the RETAIL SALES DATA for the CAD is about to be released. According to the MARKET SENTIMENT, the CADJPY price may move slightly lower. Stay tuned for VIX and OIL PRICES.
by benny_marshall