Despite the turbulence across global assets these past two weeks, AUD/JPY is opting to hold above key support and resistance levels including the 2022 low and 2021 high. Investors remain on edge as they cannot be sure that the worst is behind us, and there is a risk that another bank will 'break' under the pressure of higher rates, bad management and / or face...
On the daily chart, the AUD/JPY pair is in a strong support area, where the yearly trendline intersects with the monthly uptrend line and a monthly zone, in addition to a bearish weekly trendline, Fibonacci 61.8%, and the 100-week moving average. This indicates a high likelihood of strong price support at the level of 87.6. However, on the 4-hour timeframe,...
Hey Traders, AUDJPY is trading in a descending channel, in the coming week i expect JPY to continue outperforming AUD as JPY is considered a safe haven in time of uncertainty in the Forex Market so it may continue to strengthen against commodity currencies and as Reserve Bank of Australia attend an 11 Years interest rate high that open a door for a pause and...
AUDJPY - Intraday - We look to Sell at 90.00 (stop at 90.75) Previous support located at 89.00. Previous resistance located at 89.50. Broken out of the channel formation to the downside. A higher correction is expected. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 89.00 will confirm the bearish...
The AUDJPY pair hit S1 (87.350), which is a Support level that is holding for 10 months. With the 1D time frame turning momentarily oversold (RSI = 32.308, MACD = -0.610, ADX = 52.239), we regards this as a strong long term buy opportunity. TP = 92.000, some points lower than R1, as the 1D MA200 may be lowered by the time it rises to that point, and it has caused...
Hey Traders, AUDJPY was trading in an uptrend and then successfully managed to break it out and now is in a correction phase. i expect a potential retrace around 89 supply and demand zone at the trend as JPY shows some strength. one of the reasons JPY is strength simply as it's considered a classic safe haven in this type of environment in which we have multiple...
now there is no entry point now we have to wait the price and then enter i think it will reach the next support and we will buy then our target will be more than 400 point
OANDA:AUDJPY Quick short 10pip TP scalp a few hours into Asian session. When the signals line up, nothing to do but enjoy the ride. Trade well (now we stalk another one....)
AUDJPY has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the...
Hey traders, in the coming week we are monitoring AUDJPY for a buying opportunity around 91.8 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
A double bottom is a bullish reversal pattern that forms after a downtrend, where the price hits a support level twice and bounces back up. A head and shoulders pattern is a bearish reversal pattern that forms after an uptrend, where the price makes three peaks, with the middle peak being the highest, and then drops down. We saw price break out and above the...
Looking at the H4 chart, my overall bias for AUDJPY is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 91.730, where the intermediary overlap support is. Stop loss will be at 90.678, where the recent low is. Take profit will be at 93.182, where the overlap resistance is. Any...
Focusing on the daily timeframe and spotting a bullish flag pattern on the 4H timeframe. AUDJPY could possibly resume a bullish trend alongside YEN-related pairs like CADJPY & SHFJPY. The pair flag pattern formation stays a little around the golden ratio of the Fibonacci level 50% and 61.6%, making a very continuation level. There is an alternative possibility...
Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. With price tapping into my pullback sell entry at 91.259, where the overlap resistance is. Stop loss will be at 92.162, where the recent high is. Take profit will be at 88.118, where the previous swing low is. Any...
Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. With price tapping into my pullback sell entry at 91.259, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 92.162, where the recent high is. Take profit will be at 88.118, where the...
Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. With price tapping into my pullback sell entry at 91.259, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 92.162, where the recent high is. Take profit will be at 88.118, where the...
Hey Traders, in today's trading session we are monitoring AUDJPY for a buying opportunity around 90.9 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. With price tapping into my pullback sell entry at 91.259, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 92.162, where the recent high is. Take profit will be at 88.118, where the...