AUD/JPY breaks its three-day winning streak, declining to near 99.30 during the Asian session on Friday. The Japanese Yen (JPY), considered a safe-haven currency, strengthened as geopolitical tensions escalated in the Middle East. This dynamic contributed to the weakening of the AUD/JPY cross.
The escalation of tensions follows Iran's vow to retaliate against...
H1 - Strong bearish momentum.
Lower lows.
No opposite signs.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Once again we saw AUD/JPY rally above 96 before reversing lower, which is a pattern we have seen occur four times since January 2022. A shooting start reversal formed on Friday and the cross fell around -4% Tuesday’s low, breaking a bullish trendline before finding support at the 200-day EMA, February high and 96 handle.
We’ve seen two modest up days since,...
H4 - Most recent uptrend line breakout.
Lower lows.
Expecting short term bearish moves to happen here.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
D1 - Bullish trend pattern followed by a pullback.
Price respected a strong support zone and is currently bouncing higher.
No opposite signs.
H1 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong support zones hold my short term view remains bullish here.
As you can see there is a Bearish Divergence with MACD which is the sign of trend reversal, followed by Hidden Bearish Divergence which can be interpreted as the Bearish Trend Continuation
the price may have retracement to the Fibonacci Golden zone which is between the 50% to 61.8% and then starts its impulsive wave if these support level stands and Bunces the...
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These days, AUDJPY is slightly UP due to MARKET RISK ON. The reason for that was that the MARKET SENTIMENT was somewhat POSITIVE with FED UPDATES. JPY WEAK AFTER BOJ MEETING.
Because of that, XXXJPY CURRENCIES went UP very fast. It still has an effect. Anyway, they said that the BOJ MONETARY POLICY will be relaxed even more.
Therefore, after JPY...
#AUDJPY
These days, AUDJPY is slightly UP due to MARKET RISK ON. The reason for that was that the MARKET SENTIMENT was somewhat POSITIVE with FED UPDATES. JPY WEAK AFTER BOJ MEETING.
Because of that, XXXJPY CURRENCIES went UP very fast. It still has an effect. Anyway, they said that the BOJ MONETARY POLICY will be relaxed even more.
Therefore, after JPY...
#AUDJPY
These days, AUDJPY is becoming somewhat DOW due to MARKET RISK OFF. The reason for that was that the MARKET SENTIMENT was somewhat NEGATIVE with FED UPDATES. The YEILD of JPY 10Y BOND was increased at today's BOJ MEETING. Because of that, XXXJPY CURRENCIES went down very fast. It still has an effect. Anyway, they said that the BOJ MONETARY POLICY...
AUDJPY Continuation of Falcon Flag to the lower TO RESPECT the 90% Rule and mitigate the imbalance we have left. To maximise on this move switch to LTF and find you a good and better entry and Enjoy!!! We have been following this from the Top and bagging Pips along the way
This is for short term
Always place yor order where you place stoploss.
Wait for manipulation at the Equal High and Low Areas.
Please DYOR before entering the trade.
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AUDJPY is going down a bit due to MARKET RISK OFF in the previous days. But even now we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to RETRACE to higher resistance.
Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up, and STOCKS should go down. The dollar should continue to strengthen in this way. If...
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In the previous days, AUDJPY was slightly UP due to MARKET RISK ON. But even now we see that the MARKET is somewhat MARKET RISK ON. We expect the AUDJPY to bounce back to the upper resistance.
Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up, and STOCKS should go down. If MARKET RISK is OFF, you can definitely SELL at 91.39...
AUDJPY has broken the local support zone and created strong bearish price action. The daily price has created a very strong rejection from the top with a wickless candle. The 4H price has formed another strong bearish price action. There is a probability of another drop from daily 20EMA and 4H 38.1% fib level.
Thank you for visiting the idea, smash the like...
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Earlier days, AUDJPY was going down a bit due to MARKET RISK OFF. But now we see that the MARKET has somewhat MARKET RISK OFF. We expect AUDJPY to turn DOWN again.
Anyway, its price is moving down in the AUDJPY DOWNSIDE CHANNEL. By BREAKING that CHANNEL, its price may go UP again. After that, if MARKET RISK continues to be OFF, you can definitely...
- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEGATIVE SENTIMENT. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an...
AUDJPY closed above the swing point level 93.500.
We consider buying a pullback from the swing zone since this pair is in a bullish trend.
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AUDJPY is now in a massively overbought condition.
The next resistance zone is 93.200 - 93.500.
It's a strong and confluent zone to take a short trade because the price needs some pause and retracement.
It can't move move straight up forever.
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