Hi everyone! Looking to play a small bounce on AUDJPY here, in line with our bullish view on the bigger time frames. On the daily time frame, prices are holding above the ascending trend line and we could see a further upside from here. When we look at the H4 time frame, prices are testing the 78.6% retracement as well where we saw a slight bounce above this...
Hey everyone, here's what we are seeing on AUDJPY, prices are facing bearish pressure from the descending trend line and resistance zone at 84.912, in line with the 78.6% retracement as well. We could be seeing a reversal here.
After AUDJPY broke out of its bull run, it started to create a bigger correction on the daily timeframe. Price can be broken down into 2 phases; Impulse & Corrections.
Looks like price could move up once more to fulfil the 5 wave reversal pattern before we move down. We are also short on EURAUD for the short term due to AUD strength so we can correlate that...
CADJPY is in the perfect place to look for reasons to enter short. On the lower timeframe we can see that there's an ascending correction which is typically a reversal pattern. As it's in our high value area for reversal, we can gain an entry on the break of the ascending correction and hold that trade for a while!
See chart update for lower timeframe and an...
AUDJPY approaching ascending trendline support and key Fibonacci retracement level at 84.531. We see a possible bounce above this level towards graphical swing high and -61.8% Fibonacci retracement at 85.171. RSI is also approaching support where price bounced in the past.
Any opinions, news, research, analyses, prices, other information, or links to third-party...
On AUD/JPY is nice to see strong buying reaction from the price 84.417, there is nice to see strong volume areas....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Strong buying activity + Strong volume...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Seems like a good trade set up, comment below what you guys think.
-38.2 FIB retracement level
-weekly candle break and close above weekly resistance zone
Here is our today's forecast on AUDJPY.
Our analysis is based on purely technical outlook.
According to our drawing AUDJPY is coiling on demand cluster.
Based on our view the price will accumulate.
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Everything has been clearly illustrated on the chart, as you can see. We are waiting for the price to keep rising and hit the profit at 85.8 area of resistance.
The Breakout Opportunities system has just bought AUDJPY at 84.798. The system recommends entering this trade at any price between 84.678 and 84.952. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.229, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour...
Hi Traders,
AUDJPY just completed a 5-3 wave cycle and the price has the potential to head lower in five-wave to complete the sequence.
Wave A is a leading diagonal followed by a double ZigZag corrective pattern in wave B. According to EW theory, the market resumes in the direction of the five-wave sequence once a correction is completed.
Price also retests the...
The price is moving in a parallel channel between two ascending trendlines. It is currently sitting on a structure and we are expecting the price to grow and reach the area plotted on the graphic.
