After price broke structure with momentum, it gradually retraced back towards a demand zone that it left behind during the expansion. It then started to consolidate, forming liquidity right above this demand, which could fuel price's expansion to the upside after imbalance has been filled and the demand has been mitigated. Due to price being in a bullish trend,...
Hey Traders, in today's trading session we are monitoring AUDJPY for a buying opportunity around 93.600 zone, AUDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 93.600 support and resistance area.
Trade safe, Joe.
Hey Traders, in tomorrow's trading session we are monitoring AUDJPY for a buying opportunity around 92.400 zone, AUDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 92.400 support and resistance zone.
Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring AUDJPY for a buying opportunity around 93.700 zone, AUDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 93.700 support and resistance zone.
Trade safe, Joe.
Australian Dollar Japanese Yen traded at 94.2260 this Tuesday June 13th, increasing 0.0160 or 0.02 percent since the previous trading session. Looking back, over the last four weeks, AUDJPY gained 3.35 percent. Over the last 12 months, its price rose by 1.26 percent. Looking ahead, we forecast Australian Dollar Japanese Yen to be priced at 93.7636 by the end of...
Hey Traders, in the coming week we are monitoring AUDJPY for a buying opportunity around 91.700 zone, AUDJPY was trading in a downtrend and successfully managed to break it out. Currently AUDJPY is in a correction phase in which it is approaching the retrace zone at 91.700 support zone. Fundamentally with current inflation issues in Australia further rate hikes...
After impulse comes correction. By using the Fibonacci retracement we can expect to see a bullish run to the golden ratio(0.618) or to the bearish trendline as drawn by me if today's candle closes in a green candle but also keep in mind to apply a stop loss before taking a trade and be alert on the upcoming news relating to this currency pair if news comes...
