Andy_Garcia_CMT_CFTe
Short

AUDJPY Long Term Outlook & Levels

FX:AUDJPY   Australian Dollar / Japanese Yen
204 0 9
THE BIG PICTURE: An aggressive move from point A to B is projected off point C with the fib extension tool to find point D where symmetry suggests that there will be a culmination of the down trend should the double top at level C hold. A double top at Point C suggests more downside is imminent. Symmetry is visible when taking the fib extension tool. Start the tool measuring segment w to x and projecting the fib tool from point y which should give a level around point z to determine a line in the sand.

THE TECHNICAL STANDPOINT: Recent developments for this pair show a double top around point C, but that is just a failure to overcome the previous highs from 2007. So keep in mind that the recent double top is falling short of the old high with is a sign of weakness in itself. Second that with the double top itself and the minor symmetrical resistance developing at point y, it seems like the factors for the short side are in alignment. For the trigger keep the lower time frames in mind that a move down through 86 will trigger the long term shor            
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