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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

CAD/JPY Daily AnalysisZooming out, we can see that price is being dominated by the sellers as price moves within a bearish channel. The most recent price action is printing in the shape of a triangle which can often be a correction pattern in a trending market. Look for price to test the top of the triangle and see if it reverses (or we could potentially see a false break). Then look for a break below the triangle if the bearish momentum continues further. If you agree with the analysis, look for opportunities to trade that meet your own strategy rules and always use good risk management.
by FusionMarkets
CADJPY What Next? BUY! My dear friends, Please, find my technical outlook for CADJPY below: The instrument tests an important psychological level 105.74 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 106.26 Recommended Stop Loss - 105.43 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
CADJPY Wave Analysis – 24 June 2025- CADJPY reversed from the resistance area - Likely to fall to support level 104.75 CADJPY currency pair recently reversed down from the resistance area between the resistance level 106.85, the upper daily Bollinger Band and the 50% Fibonacci correction of the extended downward impulse from November. The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Shooting Star, which stopped the previous minor impulse wave 3. Given the strength of the resistance level 106.85, CADJPY currency pair can be expected to fall to the next support level 104.75 (which reversed the pair earlier this month).
Short
by FxProGlobal
Trade Idea: Sell CADJPY (Short-Term Risk-Off Play) **📉 Trade Idea: Sell CADJPY (Short-Term Risk-Off Play)** **Bias:** 🔻 Bearish (Short-Term) | ⚖️ Medium-Term Neutral **Idea:** Yen getting a safety bid, CAD softening — charts hint a cool-off is coming --- ### **💡 Why Sell?** **🇯🇵 JPY Getting Support:** * Risk-off tone is helping the yen hold ground 🛡️ * Inflation still above 3.5% = not as soft as BoJ sounds 🧯 * Yen tends to perk up in uncertainty — and we’re not short of that globally 🌍 * Traders cautious = safe-haven flows quietly leaning JPY’s way 🕊️ **🇨🇦 CAD Facing Pressure:** * Oil pulling back = bad for CAD 🛢️📉 * BoC leaning dovish → interest rate edge fading 🎈 * Global risk jitters + soft data could dent CAD short-term 🧊 --- ### **📊 Technical Feel (Objective & Intuitive):** * **Price looks overextended:** Big moves lately — but candles are losing momentum 🛑 * **Stalling near recent highs:** Feels like buyers ran out of fuel just short of a breakout ⛽ * **RSI cooling off:** Not screaming reversal, but clearly backing off the highs 📉 * **MACD histogram shrinking:** Momentum tapering — not collapsing, just softening 🔻 * **Lower highs forming on intraday charts:** Nothing aggressive — just cracks showing 📉 * **Bearish rejection wicks starting to stack:** Subtle signs of hesitation at the top 🕯️ --- ### **⚠️ Invalidation Clue:** > If price snaps higher with strength and breaks structure — bulls still in control 🔼 > Until then, short-term correction looks likely --- ### **🎯 Summary:** CADJPY looks due for a breather. Yen is quietly gaining on risk-off, and CAD’s not convincing right now. Momentum’s fading — and sellers may get a **short-term edge** before trend resumes or stalls.
Short
by Wainainarobert
CAD/JPY Forecast tight Sl Price Structure & Key Levels 1. Resistance Zone: - 106.000–106.122: Strong resistance cluster. - 106.122 (swing high) and 106.000 (psychological barrier) are critical. - Price rejection here suggests bearish pressure. 2. Immediate Support: - 105.800–105.900: Near-term demand area. - A break below 105.800 opens downside toward 105.600 (next support). 3. Critical Floor: - 105.600: Major support. - Loss of this level could accelerate declines toward 105.300–105.400. Market Sentiment & Momentum - Bearish Bias: - Lower highs (106.122 → 106.000 → 105.900) indicate selling momentum. - Price trading below 106.000 (psychological pivot) reinforces downside control. Tactical Trade Setups - Short Entries: - Ideal near 106.000–106.122 (stop-loss above 106.200). - Target: 105.600→ 105.300. - Long Entries: - Only if price holds 105.600 with reversal signals (e.g., bullish pin bar). - Target: Scalping toward 105.900–106.000. Always confirm with volume/RSI divergence and economic calendars. Trade safe! 🚀
by odemerge