AUD/JPY is moving to Key Buy Level 80.49
80.49 it is currently low. FX market respects such levels because most of the traders hide their stops under such levels. Most of the time Market markers move currency rate in such zone for getting enough Volume to move into another direction.
I will look for buy if price will make fake broke of key level 80.49 and H1 ...
Price is approaching our first support at 81.14 (horizontal swing low support, 100% Fibonacci extension) and might rise up to our major resistance at 82.69 (horizontal overlap resistance, 100% Fibonacci extension).
Stochastic (55,5,3) is also seeing a bullish divergence and approaching our support where a bounce off this level might see a corresponding rise in ...
AUDJPY is approaching our first support at 81.14 (horizontal swing low support, 100% Fibonacci extension) and a strong bounce might occur above that level pushing price up to our major resistance at 82.69 (horizontal overlap resistance, 100% Fibonacci extension).
Stochastic (55,5,3) is also seeing a bullish divergence and approaching our support where a bounce ...
Technical Analysis: Bias Bullish
- Breaks above daily cloud
- Bounces off major trendline support at 81 levels
- Downside finds strong support at 21-EMA
- Stochs and RSI biased higher
- MACD is on verge of bullish crossover on signal line
Fundamental Factors:
- Australia retail sales arrived at +0.4% m/m, beating expectatins at +0.3%.
- Further, Australia ANZ ...
On the 4hr chart AUDJPY a Bullish Gartley has formed. The D leg is expected to complete at the 81.72 which is the 161.8 fib area where we look to take our long positions. Look for bullish evidence before taking the trade. Cheers
AUDJPY is approaching our first support at 82.23 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 83.02 (horizontal pullback resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support where a ...
I think AUDJPY is nearing a possible BUY. I'm new to wave counting but if i'm correct the C leg is about finished plus we are near 50% FIB. We could revisit the last high. See the chart.
AUDJPY is approaching our first resistance at 84.78 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 82.78 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our resistance and a ...
AUDJPY is approaching our first resistance at 84.78 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 82.78 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our resistance and a ...
This pair has been stuck in a range on the daily chart and I am looking to capture some pips on the way back to the top of that range. I am looking for a bullish kumo twist to complete, a bullish kumo breakout, and chikou span to get above and free of price to enter a buy. I am targeting a previous candle body close at the top of that zone as my larger TP, but ...
A potential LONG trade is forming on AUDJPY
4-5 Confluences:
1- Flip Zone rejection on Daily (in green)
2- Reversal Candlestick on Daily
3- Daily Trendline Break and Retest (in red)
Good Luck !
AUDJPY is approaching our first resistance at 83.10 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where price might potentially drop to our first support at 82.03 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in ...
Price is testing our first resistance at 82.19 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction could occur below this level pushing price down to our major support at 81.14 (horizontal swing low support).
RSI is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs ...
This pair is currently in the cloud but looks to be setting up to try and have a bullish breakout soon. I'll be looking to enter on a kumo breakout and I've drawn out a few take profit levels I'll be looking to close partial positions at. If our bullish signs or confirmations change to bearish, this setup may become invalidated.
AUDJPY is approaching our first resistance at 83.10 (horizontal swing high resistance, 38.2% Fibonacci retracement) where price might potentially drop to our first support at 82.41 (horizontal swing low support, 61.8% Fibonacci retracement). A breakout below this level might push price down to our second support at 81.17 (horizontal swing low support, 100% ...
Retraced a bit further then I thought it would, down to 61.8. I'm still long on this pair, I think it will at least revisit the prior high, whether it will double top and break out we will see. Of course I could be wrong, if you have a different idea for this pair please comment!
AUD/JPY extends 20-DMA breakout, eyes 110-EMA at 83.85
Technical indicators support upside in the pair. RSI shows strength above 60 and Stochs are sharply higher.
Next bull target lies at 110-EMA at 83.85. Breakout there will see test of 50% Fib at 84.78.
On the flipside, break below 20-DMA could see test of trendline support at 80.90.
Support levels - 82.87 ...
