AUDJPY Fundamental Analysis – October 24th 2019
Here is the key factor to keep in mind today for Australian Dollar trades:
Australian CBA Manufacturing PMI, CBA Services PMI and CBA Composite PMI: The Preliminary Australian Manufacturing PMI for October was reported at 50.1. Forex traders can compare this to the Australian CBA Manufacturing PMI for September which was reported at 50.3.The Preliminary Australian CBA Services PMI for October was reported at 50.8. Forex traders can compare this to the Australian CBA Services PMI for September which was reported at 52.4. The Preliminary Australian CBA Composite PMI for October was reported at 50.7. Forex traders can compare this to the Australian CBA Composite PMI for for September which was reported at 52.0.
Here are the key factors to keep in mind today for Japanese Yen trades:
Japanese Nikkei Manufacturing PMI: The Preliminary Japanese Nikkei Manufacturing PMI for October was reported at 48.5. Forex traders can compare this to the Japanese Nikkei Manufacturing PMI September which was reported at 48.9.
Japanese Jibun Bank Services PMI and Composite PMI: The Preliminary Japanese Jibun Bank Services PMI for October was reported at 50.3. Forex traders can compare this to the previous Japanese Jibun Bank Services PMI for for September which was reported at 52.8. The Preliminary Japanese Jibun Bank Composite PMI for October was reported at 49.8. Forex traders can compare this to the previous Japanese Jibun Bank Composite PMI for for September which was reported at 51.5.
Japanese Leading Index and Japanese Coincident Index: The Final Japanese Leading Index for August was reported at 91.9 and the Final Japanese Coincident Index was reported at 99.3. Forex traders can compare this to the previous Japanese Leading Index for August which was reported at 91.7 and to the previous Japanese Coincident Index which was reported at 99.3.
Should price action for the AUDJPY remain inside the or breakdown below the 74.000 to 74.700 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 74.300
Take Profit Zone: 70.750 – 71.550
Stop Loss Level: 74.800
Should price action for the AUDJPY breakout above 74.700 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 75.000
Take Profit Zone: 76.150 – 76.750
Stop Loss Level: 74.400
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Australian CBA Manufacturing PMI, CBA Services PMI and CBA Composite PMI: The Preliminary Australian Manufacturing PMI for October was reported at 50.1. Forex traders can compare this to the Australian CBA Manufacturing PMI for September which was reported at 50.3.The Preliminary Australian CBA Services PMI for October was reported at 50.8. Forex traders can compare this to the Australian CBA Services PMI for September which was reported at 52.4. The Preliminary Australian CBA Composite PMI for October was reported at 50.7. Forex traders can compare this to the Australian CBA Composite PMI for for September which was reported at 52.0.
Here are the key factors to keep in mind today for Japanese Yen trades:
Japanese Nikkei Manufacturing PMI: The Preliminary Japanese Nikkei Manufacturing PMI for October was reported at 48.5. Forex traders can compare this to the Japanese Nikkei Manufacturing PMI September which was reported at 48.9.
Japanese Jibun Bank Services PMI and Composite PMI: The Preliminary Japanese Jibun Bank Services PMI for October was reported at 50.3. Forex traders can compare this to the previous Japanese Jibun Bank Services PMI for for September which was reported at 52.8. The Preliminary Japanese Jibun Bank Composite PMI for October was reported at 49.8. Forex traders can compare this to the previous Japanese Jibun Bank Composite PMI for for September which was reported at 51.5.
Japanese Leading Index and Japanese Coincident Index: The Final Japanese Leading Index for August was reported at 91.9 and the Final Japanese Coincident Index was reported at 99.3. Forex traders can compare this to the previous Japanese Leading Index for August which was reported at 91.7 and to the previous Japanese Coincident Index which was reported at 99.3.
Should price action for the AUDJPY remain inside the or breakdown below the 74.000 to 74.700 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 74.300
Take Profit Zone: 70.750 – 71.550
Stop Loss Level: 74.800
Should price action for the AUDJPY breakout above 74.700 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 75.000
Take Profit Zone: 76.150 – 76.750
Stop Loss Level: 74.400
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Do you trade with one of the most trusted MT4 forex brokers? Sign-up with PaxForex today and join one of the fastest growing trading communities in the forex market.
WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...
The Reliability on all Assets in the Market
Trusted Worldwide for over a Decade
Live Multi-Lingual Online Support 24/5