Aud-jpy
AUDJPY Approaching Support | 9th June 2021AUDJPY approaching ascending trendline support and key Fibonacci retracement level at 84.531. We see a possible bounce above this level towards graphical swing high and -61.8% Fibonacci retracement at 85.171. RSI is also approaching support where price bounced in the past.
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Breakout Identified in AUDJPY | 7th June 2021The Breakout Opportunities system has just bought AUDJPY at 84.798. The system recommends entering this trade at any price between 84.678 and 84.952. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.229, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour low of 84.317 and a profit target has been set at the 1 Day ATR level at 85.412. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY 4hour Analysis June 6th, 2021AUDJPY Long idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we’re very bullish on higher timeframes but we can see that AJ is in a range. For us to comfortably continue with the bullish trend we ideally need to see a higher low above 85.100 zone. Look to enter long after a break and retest with the confirmed higher low. Target higher toward prior highs and key resistance levels.
Trade scenario 2: For us to consider AJ bearish we need to see a bearish break of the range with a lower high below 84.400. Look to enter short after proper confirmation is spotted and target lower toward key support levels.
AUDJPY on a bearish outlook? 🦐AUDJPY after the resistance rejection has moved to the trendline support.
According to Plancton's strategy if the price will break the trenndline and break also below the support area we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDJPY looking for new highs 🦐AUDJPY after the rejection of the daily resistance is moving lower to the 84.600 support area.
If the price will show us a sign of conversion we will set a nice long order according to plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDJPY testing the channel 🦐AUDJPY on the 4chart is moving inside a descending channel.
The market is now approaching the upper trendline and according to Plancton's strategy if the price will break above we will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDJPY ANALYSIS AUDJPY is trading in uptrend
Pair is based above support level at 83.95
Price is based above HVN at level 84.25 which indicates that pair is in accumulation phase
MACD shows bullish momentum
Price broke upper limit of continuation falling wedge pattern
It's expected for coming bullish wave to target resistance level at 85.80
💡Don't miss the great sell opportunity in AUDJPY
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (84.480).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48
Take Profits:
TP1= @ 84.230
TP2= @ 83.970
TP3= @ 83.740
TP4= @ 83.440
TP5= @ 83.020
SL: Break Above R2
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💡Don't miss the great sell opportunity in AUDJPY
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (84.480).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48
Take Profits:
TP1= @ 84.230
TP2= @ 83.970
TP3= @ 83.740
TP4= @ 83.440
TP5= @ 83.020
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AUDJPY 4hour Analysis May 23rd, 2021AUDJPY Short idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bearish
Trade scenario 1: All timeframes above the 4hour have been bullish for a while. We can see price action just formed a 4hr lower high and is showing bearish conviction. Look to enter on more bearish setups and potentially a retest of recently broken support near 84.400. Target lower toward our next key support level near 83.250.
Trade scenario 2: For us to consider AJ bullish again we need to see a break and retest of our 84.700 level ideally. Look to enter long after we can confirm a higher low above this level.
AUD/JPY, time to flyAs it can be inferred from the graphic, the pair is currently sitting on an important key zone. It has printed a nice bullish candle and bounced off the crucial area. We are now waiting for the price to continue its move to the upside and reach the target identified on the chart!
What do you think, family? Feel free to drop your ideas in the comment section.
AUDJPY looking for new highs 🦐AUDJPY after the resistance rejection tested the 0.5 Fibonacci level.
The market is now approaching again the structure and according to Plancton's strategy if the price will break above we will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDJPY a rise in the exchange price is comingMy Marketmiracle advisor generated a LONG input signal on the AUDJPY cross at price 84.59 with a target of 85.82 for an increase of 1.45%.
The graph seems to confirm when indicated in fact we are close to a support and the upward push on prices by medium large investors is increasing ( yellow wave ) so this should reflect on the value of the cross.
the forecast is compatible with others that preview a rise of the prices of the currencies of australia and new zealand to detriment of the value of the yen
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
AUDJPY - Shorts READY 💪From our previous analysis of AUDJPY, we were shorting from the top (See linked charts below)
All we have to do now is look for solid bear flags and keep entering and work our way down. Look for retest areas too as they provide us with clear stop loss placements and are high probability.
Goodluck and trade safe
AUDJPY - Shorts READY 💪 From our previous analysis of AUDJPY, we were shorting from the top (See linked charts below)
All we have to do now is look for solid bear flags and keep entering and work our way down. Look for retest areas too as they provide us with clear stop loss placements and are high probability.
Goodluck and trade safe!