Get started

Cadjpyshort

CADJPY: Projecting Corrective Wave (C) & impulsive wave 5Hello Traders, Here is my outlook on CADJPY. Based on the current analysis, CADJPY has completed wave 3 and it's currently undergoing a corrective wave (b) within the larger wave (4) structure. The upcoming movement is anticipated to initiate a downward trajectory in wave (c). Subsequently, a rally is expected to conclude a larger degree wave (5), which is part of the impulsive wave pattern. The projected price region for the completion of wave (c) is estimated to be within the range of 102.884 - 102.355. It is crucial to note that the analysis would be invalidated if the price drops below 101.797. In the event that wave (5) is not truncated, it is anticipated to exceed the termination point of wave (3) at 104.903.
Short
by Samuel124
CADJPY LONG TERM TRADING IDEAHello Traders In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (CADJPY market update) 🟢What is The Next Opportunity on CADJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
Canadian Dollar To All Time Lows???CAD/CHF is currently sitting at a key level and a big test. Today is also the day of the Canadian Interest Rate decision. Forecast is for Canada to increase their rate from 4.75% to 5% which would be an increase of 0.25 points. However, this same prediction was made for the RBNZ last night and they decided to keep their rate the same. If the BoC do keep the rates the same, or increase the rate I don't see how either could be positive for the CAD, simply putting it the country is not in the best of positions. We also had the worst CPI report in almost 2 years not too long ago and an increase in Unemployment rates last month, despite adding jobs. I don't see how any Canadian led pair could be considered bullish, given the state of the country and my bias is for a short here.
Short
by SJFXT
Potential Reversal Trade Idea for CADJPY Over 1000 PIP potentialTrade Pair: CADJPY Direction: Potential reversal to the downside Entry: Below current market price (to be determined based on technical analysis) Stop Loss: Above resistance at 109.58 Take Profit: 96.5 Rationale: The CADJPY currency pair has shown signs of a potential reversal to the downside, presenting an exciting trading opportunity. The idea is to enter the trade below the current market price, targeting a significant move of over 1000 pips. Technical Analysis: Resistance Level: A crucial resistance level at 109.58 has been identified. Placing the stop loss above this level helps to minimize potential losses if the price breaks out to the upside. Bearish Divergence: Observe for any signs of bearish divergence on the oscillators or other technical indicators, indicating weakening buying pressure and a potential reversal. Trendline Break: Monitor for a break below a major trendline or a support level that could confirm the reversal and attract further selling pressure. Risk Management: To manage risk effectively, it is important to adhere to the following guidelines: Position Sizing: Determine an appropriate position size based on your risk tolerance and account size, ensuring that potential losses are within acceptable limits. Stop Loss: Place the stop loss order above the resistance level at 109.58 to protect against a potential breakout to the upside. Take Profit: Set the take profit target at 96.5, aiming for a substantial move to the downside. However, consider adjusting the target based on subsequent price action and market conditions. Monitoring: Regularly monitor the trade's progress and adjust the stop loss or take profit levels if necessary, taking into account any significant price movements or fundamental developments. Please note that this trade idea is based on hypothetical analysis and historical price patterns. It is essential to conduct your own thorough analysis, consider market conditions, and consult with a qualified financial advisor before making any trading decisions.
Short
by PriyankaSatam1894
1