Back to all Ideas

CADJPY Trend Continuation

by Joseph G, February 22, 2021

CAD/JPY H1 Technical Analysis

by Joe February 22, 2021

0
Share

CAD/JPY

|

Long

|

H1

Timeframe:

H1

Analysis Method:

Technical Analysis

Analysis:

JPY weakness is the driving force here from last week and the Oil rally continues to strengthen CAD. Anticipating a target of 84.50 for the pair before we see some significant retracement to the mean.

Risk Management:

Risk according to your plan

LEAVE YOUR COMMENT HERE:

View previous comments

  1. It seems the price already reach a significant supply from the left on the Daily chart from a year ago and we might see a significant technical correction now.

    1. My system indicates significant supply at 84.50 which has yet to be tested coupled with JPY weakness driving the crosses higher. Will play RISK ON market sentiment

DISCLAIMER

The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

Your message is underway!

You will be hearing from us shortly