Price holding below descending trendline resistance and Ichimoku. Price could retest our 1st resistance where the 23% fib retracement is and reverse from there.
It appears price may be reversing on aud/jpy, pin bar forming on 78.6 fib retracement level. We are still in Wave 5 on larger timeframe I believe. This bull run is running out of steam on the daily, just waiting for price to reach 79.9XX. Check out my prior ideas for targets.
Chinese economy recovering strongly should benefit the AUD in the longer run, and once Abe’s successor is elected, BoJ’s ultra-easy monetary policy will likely be reaffirmed — paving the way for eventual JPY weakness. AUDJPY has closed above the weekly Ichimoku cloud and broken above resistance at 0.7680–0.7700 convincingly. Buy on dips for a test above 0.8000...
The Breakout Opportunities system has just sold AUDJPY at 77.262. The system recommends entering this trade at any price between 77.084 and 77.349. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.431, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high...
Price is facing bearish pressure from our 1st resistance, where we could see a further drop towards 1st support at 76.95. Ichimoku cloud is also indicating more bearishness to come.
AUDJPY Long idea This pair is now bullish on all significant timeframes and we recently saw a daily trend change when 76.500 was confirmed broken. Current price action is now in a retracement and is near the 61.8% fib level. We will look for bullish transitions and bullish setups anywhere between the 61.8% fib level and key support at 76.500. Look to target...
Mid-Term Forecast: Trading suggestion: In the daily chart, if the price reaches the support line 76.80 then rejects from it, there is a Buy trading opportunity. and also, if the price passes the support line and is able to break the uptrend, there is a Sell trading opportunity. Technical analysis: . The price is above the 21-Day WEMA which acts as a...
If you are looking for a buy or a sell I feel price will use these prior zones to find its way through structure in price movement .
AUDJPY on the daily chart has been moving inside an uptrending channel. Recently the market broke the weekly resistance and went up till the daily trendline. Price got perfectly rejected and now is lookg for a retracement. ON the 4h timeframe we can expect the price to reach the minor structure at the 0.382 fib level and probably go for a test of the weekly...
Hi Australian data (weak GDP, RBA below hawkish expectations and Retail sales overnight) plus short term chart are against the bulls. If we add negative sentiment during the New York session (still 2 hours and anything can happen there), we do have good ground for short positions; Selling rallies towards 77.55 / 75 Stop above 77.95 Target 76.15 Good luck
Price is facing bearish pressure from our downside confirmation, where we could see a further drop towards 1st support at 77.13 if price breaks below downside confirmation at 77.61. MACD is also indicating more bearishness to come.
AUD/JPY has broke the key support of this triangle located at 78.015. I expect the price from current price to drop about 45 pips, which is my T ake profit . Place your stop loss above the downtrend line of the descending triangle. Tibor.
Price is facing bearish pressure from our downside confirmation, where we could see a further drop towards 1st support at 77.43 if price breaks below downside confirmation at 77.90. MACD is also indicating more bearishness to come.
Price is facing bearish pressure from our 1st resistance where the 127.2% fib extension is. We could see a further drop towards 1st support at 77.90 at the horizontal pullback support. MACD is also indicating more bearishness to come.
Could see a drop and retest of the triangle AJ broke out of. I don't usually trade against the trend but this looks pretty safe. Run a tight stop.