AUD/JPY- 4hrs (Downside Chance 70%!)
Updated
AUD/JPY
TA Wise:
MACD has started responding to the downward pressure. If we break down below the cloud and the rising channel, we should see a large downward pressure.
FA wise
Downward pressure lies with the crisis in US-China that fuels the yen as a risk off hedge. Furthermore, AUD suffers from a bad GDP report which should fuel further downside.
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TA Wise:
MACD has started responding to the downward pressure. If we break down below the cloud and the rising channel, we should see a large downward pressure.
FA wise
Downward pressure lies with the crisis in US-China that fuels the yen as a risk off hedge. Furthermore, AUD suffers from a bad GDP report which should fuel further downside.
After a period of hiatus, we are now back in action and have rebranded to @SurgeInsider!
Follow us at Twitter @SurgeInsider or join our telegram channel at t.me/surgeinsider
We will be covering technical analysis in conjunction with fundamental analysis into Major Currencies and Crypto-Currencies!
(Disclaimer: This is non-financial advice, any past performance, projection, forecast or simulation of results is not necessarily indicative of the future or likely performance of any investment.)
Note
Trade went as mentioned above, we are seeing a downward pressure still due to risk-off sentiment and weakness in AUD. If we breakdown from this channel and the Kumo cloud, we will have further downside which seems to be supported by MACD and RSI. Stay tune!
Note
Close the trade if you are in it as there seems to be some Risk On interest again. Just hope that the trade deal can be secured soon.
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