This Currency Pair is in bearish move 1-Break Uptrend Zone 2-Retest the broken zone yesterday 3-Bounce back from 38.2 fibo resistance level
So we have had a strong bullish impulse and reached at the exhaustion point now as the trend as changed and we can see a continue bearish trend till previous LL or it may drop even further.
Welcome to our Trade Setups - April 06th ( AUDJPY ) ! SELL AUDJPY ENTRY LEVEL @ 84.194 SL @ 84.827 TP @ 82.298 Max Risk: 1% - 3%! Risk/Reward Ratio: 3 Leave us a comment or like to keep our content for free and alive. Have a great week everyone!
Two important pattern, EMA and also RSI show that price must go down in future hours.
Since the beginning of November, AudJpy has risen 800 pips (more than 10%) and, as we can see from the chart, it almost has no correction. I think things are about to change and the pair will dive. From the technical point of view, AudJpy made a small double top after it passed above 80 and the Friday close found the pair just in confluence support of the...
Price is testing a monthly support. The market is currently printing a consolidation pattern. RSI is printing a bullish divergence signal. Breakout is imminent. Possible price actions indicated.
As we can see, The AUDJPY has formed an Ascending Triangle pattern,even though this is a bullish chart pattern. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. This analysis is based purely on Technical analysis , Fundamentally, the Australian Dollar is stronger...
AUDJPY - See a pennant structure forming here. Will be waiting for a breakout of this pattern before entering a position. Currently near a strong hourly, and 4 hourly resistance level as well, so if we break upside, and break above the resistance we can look to add more positions.
Long : 74.620 Stop : 73.9 Target : 75.1 , 75.6 , 76
AUD/JPY is impulsing to the upside. It broke the pullback trendline and right now I do expect further bullish continuation.
AUDJPY recap of last week's trade and weekly analysis for the upcoming week starting today May 24, 2020 to May 29,2020.
As can be seen in the chart, I expect AUDJPY to hit the 69.700 level soon, because of a strong uptrend over the past several days, plus this pair has easily breached the previous strong resistance level of 69.200 from the month of March. I see it touching 69.700 soon.
For buyers, a breakout of the trendline on the pullback is a bullish sign. As well as a false breakout of the Support level.
It's seen quite often when market makers manipulate breakouts. This is a great example of how big players accumulate volume.
Aussie dollar kinda boosted up this week, but we are still long-term bearish on this quote. If we broke this horizontal Level, it would be a bearish sign. Keep in mind, that there is still a chance for continuation to the upside of the market. So sit on your hands until price action tells you what to do.
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