This chart speaks for itself really. The AUDJPY is hovering just below its 200-day moving average (currently at 80.11) with a bearish trend line resistance at 80.70/80. Upcoming Japaneses inflation data may provide a catalyst for a more clear direction in prices, which could possibly help determine whether this pair is destined to fall once again or break free of...
Hello traders! There might be a head and shoulders pattern forming on this pair, as I see a possible short term bounce of the 1.0100 level where price might be also meeting the 20EMA before heading down again to the 0.9970 zone. Hope you liked this idea, wish you all good luck!
I predict that price will head up to the 0.7670 level. I believe from that price area, price can make a big move on the downside going bearish to the 0.7590 area. If price breaks it's a good chance it can head down to the 0.7507 area.
We see the AUDUSD getting weak here soon due to upcoming events. We believe price action will drop down to the 0.7500 level. We would recommend selling on the rally's to catch better short positions.
The Australian dollar has been consolidating on the daily chart since mid year. It has continued to compress into a tighter formation and now appears to be nearing the end of a correction to the down move that began near end of 2014 on weekly chart. On the monthly chart, all indicators have pulled back from extreme oversold conditions of Feb 2016 to what...
Looks like price action has finally broke major resistance area today. Now we predict price will shoot up to the 0.7747 area. If prices can break that resistance we believe it will shoot further up to the 0.7825 level.
Based on over bought RSI55 div and few bearish probes in 2016 look forward for cont. sell action to confirmed bearish levels. Hard stop lines (red lines) are fit on depth to appropriate tp levels (blue lines).
I will watch closely this pair, we can see a possible H&S pattern in process... if it complete i will short this pair . Regards
here we have a good oppurtunity to short Aud/Usd and possibly most other AUD pairs as it is extremely overbought and has also tested the weekly trendline resistance and dropped. Right now, we have a possible H&S pattern on the 4 hour tf and price is right under a 4 hour trendline resistance and also fib 61.8 resistance. Very good risk to reward on this high...
As expected, price has reached the PRZ zone of the Shark Pattern. A negative hidden divergence is also visible. If the bears manage to break the 0.7644 support, a steep decline is expected. Cyclical Waves Group
Overbrought because of news, price is going to reverse and drop and go to 0.75 at least.
Bear Signal Bar and Overbought on RSI14 on 1H Chart. Read chart for detailed description of trade signal. Make sure to protect yourself with appropriate stop loss, and go for at least 2x take profit from your risk. As of yet, the low of the bear bar has not been triggered, so the trade is not a go until that entry is hit (wherever you put it exactly). Entry...
RBA MINUTES: JUDGED CURRENT STANCE OF POLICY CONSISTENT WITH GROWTH, INFLATION TARGETS - Steady Decision Took Into Account Rate Cuts In May And August, Recent Data - Estimated Around Half Of The August Rate Cut Had Been Passed On To Bank Customers - Repeats Rising A$ Would Complicate Economic Rebalancing - Decline In A$ Since 2013 Continued To Support Traded...
AUDJPY Daily – Since late November 2015, AUDJPY has been trading within a downwards channel. As we head towards the final quarter of 2016, investors will be focussing on the decisions of the Reserve Bank of Australia and the Bank of Japan who could both cut rates even further. Earlier this week, the RBA chose to keep rates unchanged but low inflation rates and a...
When you see consecutive bear bars forming, that is a sign of bear trend strength. it happened twice, the velocity of this bear leg today is much stronger in relation to the previous bull channel up. This means the dollar, for whatever reason (I'm no fundamental analyst) is being bought and is become very strong. Therefore, since we are in a strong bear close this...
This pair has shown lot of strength as well DXY looks weak. Suspected One last wave up towards 0.79000 Break would print intermediate target of 0.740000
After long consolidation , we have long setup. Best RR 1:6 trade