FxWirePro
Short

Shooting star on AUD/JPY, short rallies, target 77.88 (100-DMA)

FX:AUDJPY   Australian Dollar / Japanese Yen
196 1 5
AUD/JPY             edges higher from session lows at 78.98, currently, hovers around 20-DMA at 79.20.

'Shooting star' formation seen on AUD/JPY             daily charts , close below 20-DMA to see drag lower.

Techs support downside in the pair, Stochs and RSI are biased lower, bearish MACD line crossover on signal line seen.

Major support levels - 78.98 (session lows), 78.72 (Oct 21 low), 78.37 (cloud top), 78.10 (50-DMA)

Major resistance levels - 79.60 (5-DMA), 80.04 ( 200-DMA             ), 80.31 (Oct 26 high)

The pair is currently holding minor support at 78.95, break below to see further drag.

Good to short rallies, target 77.90, stop loss 79.55


Nice idea! I saw this one too a few days ago.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out