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cadjpy

Market Spotlight: CADJPY Breakout Hits Second Target

CADJPY Keeps GoingThe recent CADJPY breakout idea has now hit its second target. Price has made a more than 5% move higher over the last week as risk appetite rebounds. CAD, along with other...

Market Spotlight: CADJPY Breakout Hits First Target

CADJPY Breaks OutThe recent breakout trade in CADJPY has hit its first target at 94.06. With the retail market heavily short the pair and with both MACD and RSI firmly bullish, there is plenty of room...

Market Spotlight: CADJPY Breakout On Watch

Price action in CADJPY is looking interesting here. Following the heavy sideways action we’ve seen over the year so fa, price now looks to be breaking higher. We’ve seen price breaking out above the...

CADJPY, H4 | Potential For A Drop

Type: Bullish RiseKey Levels:Resistance: 91.707Pivot: 90.948Support: 90.113Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance...
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CADJPY, H4 | Bearish Momentum

Type: Bearish ReversalKey Levels:Resistance: 90.848Pivot: 90.694Support: 90.054Preferred Case:Prices are on bearish momentum and abiding by a descending trendline. We see the potential for dips from...

Market Spotlight: CADJPY & Canadian CPI

Canadian CPI In FocusThe release of Canadian CPI due later today puts the focus on the Canadian Dollar. With oil prices remaining at highs over January and with supply-side issues yet to be resolved,...

CADJPY, H4 | Potential for slight pullback

Type: Bearish ReversalKey Levels:Resistance: 91.248Pivot: 91.058Support: 90.477Preferred Case:Prices are abiding to our ascending trendline. We see the potential for a dip from our Pivot at 91.058 in...

CADJPY, H4 | Potential For Dip

Type: Bearish ReversalKey Levels:Resistance: 91.218Pivot: 91.027Support: 90.456Preferred Case:Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip...

CADJPY, H4 | Bearish Continuation

Type: Bearish ReversalKey Levels:Resistance: 91.268Pivot: 90.827Support: 90.139Preferred Case:With divergence spotted on RSI, we would expect a pullback from our Pivot at 90.827 in line with 50%...