The AUDJPY pair has been trading withing a Channel Down since the June 08 High and has found lately support on the 1D MA50 (blue trend-line). In 1D RSI terms, it appears to be replicating the October 20 2021 - January 28 2022 pattern, which eventually broke to the upside and reached its 2.0 Fibonacci extension. As a result, as long as the 1D MA200 (orange...
Despite finding a low at around 93.700 area after Australia’s S&P Global PMIs for June; we witnessed a uniform bullish engulfing candle afterwards emphasizing the strength of the buyers at this juncture in the market. In this regard, I have identified a demand zone around 92.500/93.000 which appears to have been a buying niche in the last 10 days. So in this...
It is obvious that the AUDJPY displayed extremely volatility after the announcement of the interest rate policy by the Bank of Japan (BOJ) as the policy stance remain unchanged. From a technical perspective, I am of the opinion that the Yen might decline in the new week considering the long-term bullish strength of the Aussie as we witnessed multiple rejections by...
- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEUTRAL 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...
This is an update of the AUDJPY pair on my previous sell signal upon the 1D RSI Resistance rejection, as illustrated below: With the price now recovered from the sub 88.000 level, the pair is waving a buy signal as it broke above both the 1D MA50 (blue trend-line) and the 0.618 Fibonacci retracement level. Since it started trading on this long-term Fibonacci...
Considering the long term bullish momentum on this pair, I want to be looking out for buying opportunities in the new week as a breakout/retest of the Key level at 91.000 area shall be a signal for me to buy the Aussie. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not...
- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEUTRAL 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 Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
AUD-JPY broke the key horizontal level Which is now a resistance A head and shoulders pattern has been formed Which makes me bearish on the pair After retesting 90.452 areas And I think that it will fall further down Onto the target level below
- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEUTRAL 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...
- Today presented their Monetary Policy Statement to AUD. They further stated that it is imperative that their statutory reserve ratios be increased further. No. It will in some way build a POSITIVE SENTIMENT to the Australian dollar. There is not much important news for JPY today. So the AUDJPY MARKET SENTIMENT will be FOLLOWED. - AUDJPY Must understand the...
Despite the obvious that the AUDJPY remains on the front foot around 92.55, extending the two-day uptrend; I am of the opinion that the current structure might incite a short term bearish move soon. Why? If we closely into the structure on the daily time frame, we will notice a reversal structure evolving since the price tested 95.5 area. The appearance of a lower...
- - Today we do not see such an important news for AUD or JPY as before. Because today is a holiday and today is Monday, MARKET LIQUIDITY is a very short day. GOV. There is a Bailey Speak this week. They will be very important for GBP. But today CHINESE GDP was released, it was a very good NUMBER. Maybe its advantage will come to COMMODITIES and AUD in the...
The AUDJPY pair has given a clear medium-term bearish signal. The 1D RSI got rejected late last month within its multi-year Resistance Zone with the price initially reacting with a pull-back but has since recovered and turned neutral. Every time that the price hit the 1D RSI Resistance Zone since 2020, it pulled-back to at least the previous Fibonacci level: In...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
This is going to be a short one as the daily chart explains the interaction between the sellers and buyers in the last 10-months. With a simple supply and demand structure identified on the daily timeframe, I am of the opinion that we might be witnessing a short term downside for the Aussie in the coming week as the JY85.600 area reflects a strong memory for...
AUDJPY has been consolidating over the past year trading within a wide Triangle, with the 1D MA100 (green trend-line) acting as the pivot. The 1W MA100 (red trend-line) has been the long-term Support since the early November 2020 bullish break-out. Last time we saw such a wide Triangle after a multi-year rally, was from mid 2017 to early 2018. On that pattern,...