Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (74.55). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . AUDJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 40.
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I followed two charts on monday 13th july and they did not work. Should I accept loss ?
ForecastCity
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@faisalcreatives, Thanks for your comment. 💎🙏💎 The forecast is valid. There was a retracement to suggested resistance line (74.55) as it was expected. And traders can set orders based on Price Action and expect to reach targets.
irfanbcs
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Good analysis as usual
Great idea from ur side always
ForecastCity
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@irfanbcs, Thanks for your comment. 💎🙏💎 we hope you enjoy it.
fxniki
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First of all thank you for your invaluable posts, forecasts and explanations. 🥰🥰