CADJPY I Weekly CLS Range I Model 1 I H4 entry ConfirmedYo Market Warriors ⚔️
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About Canadian Dollar / Japanese Yen
The Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.
Related currencies
CADJPY: Moving in a clear rising channelCADJPY is currently respecting a well-defined rising channel structure, with price reacting cleanly to both the upper and lower bounds of the channel.
After a sharp correction, price has once again tapped the lower trendline support, a level that has triggered bullish reversals, and is now showing
CADJPY: Bullish Continuation is Expected! Here is Why:
Balance of buyers and sellers on the CADJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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CAD_JPY STRONG UPTREND|LONG|
✅CAD_JPY is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the pair is already making
A bullish rebound from the support
So a further move up is expected
With the target of retesting the
Level above at 107.705
LONG🚀
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CADJPY - Wave C Near Completion: Big Drop Coming!We’ve been tracking CADJPY for years, and price has followed Elliott Wave structure almost perfectly.
In mid‑2024, an ending diagonal signalled the top and kicked off a major bearish impulse. That drop formed wave A of the current ABC correction. Wave B completed in late 2024, and price is now in w
CADJPY: Bearish Move From Resistance 🇨🇦🇯🇵
There is a high chance that CADJPY will drop
from a key daily resistance cluster.
As a confirmation, I see a triple top pattern
on an hourly time frame and a violation of its neckline.
Goal - 106.9
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CADJPY Technical & Order Flow AnalysisOur analysis is based on a multi-timeframe top-down approach and fundamental analysis.
Based on our assessment, the price is expected to return to the monthly level.
DISCLAIMER: This analysis may change at any time without notice and is solely intended to assist traders in making independent inve
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the CADJPY pair is quoted as 1 CAD per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 CAD.
CADJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CADJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.