ActiveTrader
Short

AUD/JPY - To repeat the breakdown of 2007/2008? Time will tell!

FX_IDC:AUDJPY   Australian Dollar / Japanese Yen
Summary:

All signs are pointing to a significant breakdown in the AUD/JPY             ...

Commodity currencies are under extreme pressure due to a global slowdown and suppressed commodity prices.

In an extremely volatile and high risk market, investors will fly back into the Yen as a safe haven and dump commodity currencies.

We also have upcoming rate cuts coming out of the RBA, as well as a housing bubble that is soon to pop.

The crash in the Shanghai Index as well as slow growth out of China will put further pressure on the Australian Dollar             .

Technicals:

We have broken a significant 7 year trend-line on the Quarterly + Monthly Charts indicating upcoming bearish pressure

We are also resting within the 200/250 EMA's on the weekly chart. If we break below these EMA's, I believe the AUD/JPY             will start to turn. Be on the lookout for a possible EMA Death Cross in the near future

Looking at the daily, we are starting to put in lower highs and lower lows which may drive the AUD/JPY             lower.

This is something I will be keeping an eye on....
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