Get started

JAPANESE YEN / CANADIAN DOLLAR

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

JPYCAD trade ideas

What's Flowin!? : SOL | SOX | CADJPY | USDCHFCRYPTO:SOLUSD SAXO:USDCHF SAXO:CADJPY TVC:SOX Market News Supporting Directional Biases for July 26, 2024 SOLUSD - LONG Recent reports indicate a bullish sentiment for Solana (SOLUSD). The ongoing developments in the Solana ecosystem, including the launch of new decentralized applications (dApps) and partnerships with major blockchain projects, have driven positive market sentiment. The increasing adoption and growing developer activity on the Solana network are seen as strong indicators of long-term growth potential, supporting a long position. USDCHF - SHORT The USDCHF pair has been under pressure as the Swiss National Bank (SNB) continues to unwind its interest rate policies, signaling a more hawkish stance compared to the Federal Reserve. This divergence in monetary policy is expected to weaken the USD against the CHF. Additionally, the strong performance of the Swiss economy, with controlled inflation and low unemployment, supports the case for a short position on USDCHF. CADJPY - SHORT The Canadian dollar (CAD) is facing headwinds due to declining oil prices and concerns over the domestic economic outlook. Meanwhile, the Japanese yen (JPY) has benefited from its safe-haven status amid global economic uncertainties. The Bank of Japan's consistent monetary policy, combined with these factors, supports a bearish view on CADJPY, making a short position more attractive. SOX - SHORT The Philadelphia Semiconductor Index (SOX) has shown signs of weakness, with technical indicators pointing to a potential downtrend. Recent analysis suggests that major components of the SOX, including companies like Nvidia and AMD, are experiencing sell-offs and breaking key support levels. This bearish momentum in the semiconductor sector supports a short position on the SOX index.
by moneymagnateash
BUY CAD/JPYAttention Traders! Here's an exciting trade setup for the CAD/JPY currency pair. This opportunity involves a buy trade with a well-defined entry range and profit targets to maximize your potential gains. Trade Details: Buy Range : Enter the trade when the price is between 114.88 and 114.90 . Profit Targets: First Target: 117 . Set this as your initial level to take some profits. Second Target: 117.50 . Aim for this level to maximize your returns. Key Points to Consider: Entry: Ensure you enter the trade within the specified range of 114.88 to 114.90 to optimize your potential profits. Profit-Taking Strategy: Setting two profit targets allows for effective risk management and maximized gains. Close part of your position at 117 to secure initial profits and aim for 117.50 for additional gains. Risk Management: Always consider your risk tolerance and use appropriate stop-loss orders to protect your investment in case the market moves against your position. This structured approach ensures you have a clear plan for entering and exiting the trade, balancing potential profits with effective risk management. Happy Trading!
Long
by FOREX-XONA
CADJPY: Bullish Pinbar candle could push CADJPY higher againCADJPY: Bullish Pinbar candle could push CADJPY higher again Technical Analysis: Price created a "Bullish Pinbar Canle" on a daily time frame thus indication for a lose in the bearish momentum. On the 60 minute chart, we can see that CADJPY is forming an "Inverse Head & Shoulder" pattern. A move above the pattern should help CADJPY rise further to 103 early and if bullish volume could push further to 115.00. However, a good part of this movement is also related to the BOJ's rate decision. Chances are they won't raise rates again, despite speculation that everyone is talking about a possible rate hike. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
4
CADJPY Technical Analysis and Trade Idea 👉🔍 In this video, we analyze CADJPY. It's evident that CADJPY has been showing bearish momentum recently. However, I anticipate a retracement as it has traded into a key support level. My strategy involves monitoring the 15-minute and 5-minute charts for signs of a retrace, sideways movement, and a potential bearish reversal. This could present a scalp or day trade short opportunity targeting the previous lows, as described in the video. It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
Short
by fxtraderanthony
Possible long on CADJPY next weekWhen a currency breaks outside the channel and then changes color, it signals a reversal in strength/trend. By waiting for this to happen to two currencies during the same candle, an entry signal is created (CAD=red, JPY=white) The current trend has not ended, however. Based on previous data, it looks like it will take 3-4 more candles for the CAD and JPY lines to change color outside the channel, signaling the CADJPY pair to reverse into a bullish direction. I am projecting 3 days of forward ATR against the previous candle's bodys low (I prefer measuring this rather than the high/low wicks), to get a price range of 111.738 to 116.446 over the next week. Based on today's current price, it puts the lower end to 113.189, which is also about 1x ATR from yesterday's open, so it "lines up" in that sense. We'll probably have confirmation to go long around Wednesday of next week! Good luck on your trades Note: Here is the indicator in action for the last 4 months. Over the last 4 months, it would have been accurate 5 out of 6 times (83%), with small wins each time (and possibly one big win), depending on your trade entry and how you manage your trades:
Long
by KyleBaran
CADJPY ShortBias Bearish Fundamental CAD reduce interest rate caused bearish momentum. JPY plans to increase interest rate caused bullish momentum Price has break through the Daily SR level. Price is extreme bearish. In the Daily S/R level, lower TF H1, price formed a double top / descending triangle pattern. And price broken out of that level and headed lower. Short set up Short trade at H1 broken support level. SL above the swing high of double top pattern. TP targeting the next lower Daily S/R level
Short
by royschen07
CADJPY: Three Potential Reversal Areas to Focus onCADJPY: Three Potential Reversal Areas to Focus on CADJPY is about to complete a harmonic bearish pattern near 190.00 This strong psychological zone also corresponds to the completion of the pattern. if the price crosses 190.00 , then two other possible retracement zones are 120.00 and 121.00 As you can see, all three of these price zones are also strong psychological prices, given that CADJPY is rising into uncharted territory that was last seen nearly 17 years ago. Be careful: Given the fundamental outlook that the BOJ is doing nothing to support the JPY, we should be cautious. This is not an analysis to blindly sell at the market price. This analysis should be used as a reference only. The BOJ may intervene near those zones considering that the USDJPY is also testing an old price zone last seen in 1986 The problem is that if the BOJ does not intervene in the market to support the JPY, the CADJPY and all XXXJPY pairs will continue to rise as I have explained in all the JPY ideas I have posted so far. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
by KlejdiCuni
6
eye on the Factors Behind Long CADJPY: A Detailed ExplorationTechnical Outlook: According to the technical outlook for CADJPY, the current trend is bullish, and the sentiment is oversold based on the 7-period RSI indicator . The market is approaching a significant support area at 115.742, which indicates a highly probable bullish movement . Another technical analysis suggests that CADJPY is very bullish . However, it's important to note that technical analysis is subjective and should be used in conjunction with other factors for decision-making. Economic Calendar: The search results do not provide specific information about the economic calendar for CADJPY. It is important to consider economic events and indicators that may impact the Canadian dollar (CAD) and the Japanese yen (JPY) when making trading decisions. The US economic calendar is considered important since the US is the largest world economy, and its indicators can have significant effects on other markets and currencies . The organizations that publish meaningful indicators with a great impact on the markets include the US Bureau of Labor Statistics, the US Bureau of Economic Analysis, the US Census Bureau, and the Energy Information Administration .
Long
by FtradeFXArabic
1
CADJPY ShortDaily Bias Bearish Fundamental Analysis JPY is strengthening, CAD is weakening (expecting CAD reduce interest rate) Price Action: Price broke below H4 SR level and retrace back into the H4 SR level. Going down to M5 timeframe, Price formed a small H&S pattern, price just broke through the neckline of M5 H&S pattern. This supports my analysis of further bearish movement Confluence: Higher TF (W/D/H4) - Broke through SR level Lower TF (H1/M30/M15) - In M5, H&S was formed and broken below the neckline. A bearish momentum candle is formed in M15. Set up: Short trade entry at H&S Neckline M5 SR level. SL above the Swing high of H&S. TP targeting the H4 swing low.
Short
by royschen07
CADJPY is moving southThe CADJPY pair shows potential for a short position based on fundamental and technical situation. Canadian Dollar (CAD): The Canadian Dollar has been declining against major currencies. This trend is primarily driven by the Bank of Canada (BoC) aggressively reducing interest rates. The upcoming BoC interest rate decision, scheduled for Wednesday, is expected to result in a cut to 4.5% from the current 4.75%. This anticipated reduction is likely to exert additional downward pressure on the CAD. These rate cuts aim to stimulate economic activity but also contribute to the devaluation of the CAD in the forex market. Japanese Yen (JPY): Conversely, the Japanese Yen is currently the strongest currency among its major counterparts. It is benefiting from a reduction in carry trade activities, which typically involve borrowing in low-yielding currencies like the JPY to invest in higher-yielding assets. As these trades unwind, demand for the Yen increases. Additionally, the Bank of Japan (BoJ) continues to support the Yen through its monetary policy measures, further bolstering its strength. Conclusion: Given the contrasting monetary policies and economic conditions in Canada and Japan, the CADJPY pair appears positioned for further downside. The anticipated rate cut by the BoC, coupled with the strong performance of the JPY, suggests that shorting CADJPY could be a decent trading idea. Don't forget - this is just the idea. Do your own research and manage your risk at all times!
Long
by Stanislav_Bernukhov_Exness
1