The Canadian Dollar Yen.

Good morning all,

Today I am doing a morning update as other things have to be done before the webinar tonight.

A chart which has caught my eye is of the CADJPY, this has been in consolidation, ranging from about June 09, but at the tail end of March did break-out of the high of that range, to reach a high on 7th April and then to fall back down to where price is of Friday.

This area, is once again the high of the range/consolidation, which is being re-tested and could see former reistance becoming support which has the added confluence of the strong RN to try and aid it in holding.

This is looking good for a possible continuation trade and entry would be by ESLT , whilst for the more conservative of you a break of the high would be a better entry for you.

As always please ensure to do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Some you win, some you lose !

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = GBPJPY , CADJPY Day chart below.

Good Morning Guys,

Apologies for no post this morning, this was due to BT Broadband issues. You will be well aware that over the last couple of days we have had a pullback after the recent gains and also with NFP due on Friday.

The market reminded that despite no matter how long you analyse a trade, it will have the final say and I was stopped out of the GBPJPY for a loss. As I had entered on a long term strategy, my loss was larger than my usual medium term trades. I have posted the chart below illustrating the logic behind this trade.














As one door closes others open and having recieved a couple of alerts on a medium term strategy taught in the trading room, I chose to enter the CADJPY. Price had broken through recent resistance and with strength in the trend, I used our "Trading Room" tool ESLT to enter the trade. The DAY chart is shown below.














With recent gains taken back by the market, you must stay focused on your rules of engagement. It is disheartnening seeing the pips and £$ being taken back, however if your rules are followed with the trend then your rewards will come to those who wait.

Please do your own analysis before entering a trade.

To learn the methods and strategies, join the Dynamic Traders trading room, click here for details Trading Room.

Dynamic Trader members can join our trading room by clicking here.

Trade with Passion

John Maher
Forex Analyst

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The Canadian Dollar Japanese Yen intraday.

Good morning Dynamic Traders,

I am able to do a quick post today for any of you intraday traders, which is of the CADJPY on the 4 hour timeframe.

The daily short term trend is down and price is at present attempting to re-test the V.I.

The 4 hour chart below is showing an OB GetStochastic with false bars to the downside, whilst standing at the golden mean and a '00' figure, but here the V.I. is a little further north.

Although it is not in the position for me to trade immediately as I am waiting for some more of my confluences, I am keeping it on my watchlist for a possible short, should this situation arise.

As always please do your own analysis before trading.


Don't forget NFP and due to this there will be no post tomorrow.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Canadian Dollar Japanese Yen.

Good afternoon Dynamic Traders,

I hope you all have had a good weekend and are ready for the coming week of trading.

Today I am going to be looking at a possible short trade or continuation on the lower timeframe for the CADJPY, when the markets open.

The RSI indicator here is showing divergence in OB territory with a good spinning top candle for the last bar.

I am wanting to take an aggressive stance on the lower timeframe with a short in mind whilst being aware that the higher timeframe has broke previous resistance but with divergences on MACD, which could transpire to be a 'P & D' but the V.I. is not too far north.

Whilst I am trading off the lower timeframes I shall manage this position well with tight parameters if it does get triggered by my final confluences coming into play, if not I shall then be re analysing to see if the daily is going to be worth a punt.

Charts courtesy of AdvancedGet.

Have fun and enjoy your trading.

Clayton Farnworth.

The Canadian Dollar Japanese Yen

Good morning Dynamic Traders,

Today I am looking at a possible reversal situation with the CADJPY.

On the higher daily timeframe we are standing at a possible double top formation with some divergence on the MACD indicator.

If you now go down to the lower timeframe chart below of the four hour timescale, you will see that the double top is in evidence here with also an overbought RSI indicator.

At the moment I am looking for an intraday trade with entry off the lower timeframe as at present we do have a fibonacci cluster on the hourly.

The longer term trend is down although the shorter is up, so I am awaiting confirmation to take a trade to the short side but at present have not seen this, but there is a spinning top candle that did pierce resistance on the last complete candle, which also went through a good figure.

If price does decide to head north then your filters should be employed for the continuation.

Once again be patient for your entry and as always please do your own analysis.
















Charts courtesy of TradeStation.

Good luck with your trading.

Clayton Farnworth.

The Canadian Dollar and the Yen.

Good evening Dynamic Traders,

Firstly may I apologise about not posting last night but due to internet problems I was unable to, but thankfully it is back on track and so I decided to post a possible quick term trade for tonights analysis.

As you can see from the one hour chart below we have just hit the figure recently with a possible DT formation. Please be aware however that the short term trend is up although we have been heading down since November 07.

I am looking at this short trade scenario as on the daily timeframe we have hit a fibonacci reversal whilst on the chart below we arte getting divergence at the figure.

I am looking for a quick well managed trade but if things develop well it could run.

The Japanese Trade Balance is out later this evening so I will wait until after this to get a better picture.

Charts courtesy of TradeStation.

As always please do your own analysis.

Clayton Farnworth.

Canadian Dollar Yen

Good Evening Dynamic Traders ,

Tonights chart is of the CADJPY.

This pair looks a little indecisive at present, but keeps breaking into our breather zone with spinning tops, after a big move. The previous swing low is at a major support level, however AdvancedGet is showing a false bar in Get Stochastic and we have the MOB and a cluster below, and a good RN in there too.

I shall keep a close eye on this pair for a good entry if it comes, by waiting for my confluences on the lower timeframes and then take the appropriate action.

News is out throughout the rest of the week on this pair.

Charts courtesy of TradeStation.

Clayton Farnworth.

Canadian Dollar Japanese Yen

Good evening Dynamic Forex Traders,

The chart tonight is of the CADJPY.

I am keeping a close eye on this pair tonight for an entry , as I am expecting at least a bounce, if not some form of reversal, although it has been in a downtrend for a while. I will have to be vigilant however, and time my entry to keep a tight stop, because it looks like it is also going to close in the DD area. My confluences are such, that, together with the fibonacci cluster area at present and the close proximity of the RN, I shall await confirmation on my lowest timeframe.

Please notice the nearly OS Stochastic, and also in AdvancedGet we are at the T.J.'s Elipse.

As always, please do your own analysis before taking any trades.

Charts courtesy of TradeStation.

Always enjoy your trading.

Clayton Farnworth.