Olu
Short

AudJpy: Rolling over?

FX:AUDJPY   Australian Dollar/Japanese Yen
38 3 0
Comments on the chart
Hi Olu,
This aria of 92.00-92.20 is an interesting one. Look back for the last 51 days. When the price come down under it was rejected promptly above it. I think it is forming an accumulation zone (between 90.60 and 93.75). CCI is neutral on daily. Also, on weekly chart you may see a bullish engulfing candle. I am bullish here.
Reply
Olu Zyggy
Hi Zyggy. I see your point here. There is a bullish engulfing candle on the weekly chart. I dont know how I missed that in the first place as I love engulfing candle trading. While price is still below the 50sma on the weekly the weekly stoch looks angling up. So I will not be taking a short right away. Thanks for bringing it to my attention
Reply
There is some support right where price is right now (look left) and that area must give way before shorting imho
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out