The Trend Follower Strategy has just bought AUDJPY at 80.607. The system recommends entering this trade at any price between 80.485 and 80.729. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.573. This suggests that the AUDJPY could be trending upwards.The 14-period Average True Range on a daily chart is...
been following this for a while now and its looking good
for those following me you would have already caught some profits already.
dont miss this one
See previous analysis
PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Antipodeans buoyed on positive Chinese data and signs of progress in Sino-U.S. trade talks.
Good to go long on break above 110-EMA, SL: 78.60, TP: 80/ 80.35/ 81
Support levels - 78.75 (cloud top), 78.65 (nearly converged 20 and 5 DMAs), 77.91 (Mar 28 lows)
Resistance levels - 79.40 (110-EMA), 80.34 (200-DMA), 81.04 (78.6% Fib)
AUDJPY is approaching our first resistance at 79.28 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 78.53 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding...
AUDJPY long swing trade setup based on higher highs, green volume dominating. Entry on the pullback into .618 fib zone. SL at support and TP at resistance as shown ion the chart. Not to be construed as financial advice.
AUDJPY is approaching our first resistance at 79.01 (horizontal pullback resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 78.39 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.