The AUD/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined megaphone pattern. This pattern, characterized by expanding channel lines, can suggest both bullish and bearish continuations depending on the context. However, in this case, certain factors point towards a potential upside move. Buy Entry: Consider...
AUD/JPY is holding above its 100-day EMA, and so far it looks like the spike lower last Thursday will be left unchallenged. This is more of an interesting observation than anything else, but... since July AUD/JPY has printed a prominent spike / higher low every 40 - 47 days. If that pattern is to hold, is suggests the next trough could land at the end of May /...
Price near resistance area. Price could test one of the previous lows. A testing of the previous high that was broken in structure is also possible.
AUDJPY - Intraday There is no clear indication that the upward move is coming to an end. Trend line support is located at 97.70. Risk/Reward would be poor to call a buy from current levels. A move through 98.00 will confirm the bullish momentum. The measured move target is 98.50. We look to Buy at 97.70 (stop at 97.45) Our profit targets will be 98.35 and...
Hey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 97.300 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 97.30 support and resistance area. Trade safe, Joe.
AUDJPY is testing a recently broken horizontal support. After a violation, it turned into a strong resistance. The market may drop from that. I expect a bearish movement to 0.9605 ❤️Please, support my work with like, thank you!❤️
Hey Traders, in tomorrow's trading session we are monitoring AUDJPY for a selling opportunity around 96.900 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 96.900 support and resistance area. Fundamentally we would like to consider the current pressure on stocks. The Australian dollar is...
AUDJPY formed a nice double top formation after a test of a key horizontal resistance. It makes me think that the underlined structure will be respected and the price will drop lower. Goals: 96.4 / 96.0 ❤️Please, support my work with like, thank you!❤️
AUDJPY - Intraday Broken out of the channel formation to the downside. We look to sell rallies. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 96.25 will confirm the bearish momentum. We look to Sell at 96.80 (stop at 97.30) Our profit targets will be 95.60 and 95.40 Resistance: 96.80 /...
BoJ not changing policy, intensified interest rate differential game: Comments from the country's monetary authorities suggest a new wave of pressure on the yen after three months of easing or ‘recharging’. With the Bank of Japan not changing policy, the yen is potentially under pressure from an intensified interest rate differential game. And this game promises...
Hello TradingView Family / Fellow Traders, 📈 AUDJPY has demonstrated an overall bullish trend, trading within the rising broadening wedge pattern in blue. Currently, AUDJPY is sitting around the lower bound of the wedge. Moreover, the 96.5 serves as a robust demand zone. 🎯 Therefore, the highlighted blue circle signifies a significant zone to consider for...
AUDJPY - 24h expiry Reverse trend line support comes in at 97.00. Further upside is expected. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. A move through 97.25 will confirm the bullish momentum. The measured move target is 98.00. We look to Buy at 97.00 (stop at 96.60) Our...
AUDJPY is neutral on its 1D technical outlook (RSI = 51.262, MACD = -0.010, ADX = 30.583) as it has been trading around its 1D MA50 for the last three weeks. We are currently on the bullish wave after the Channel Up made a HL on the 1D MA200, which is the long term Support (since June 2nd 2023). We are going long on today's pullback and target the R1 level (TP =...
The AUDJPY pair gave us the pull-back we wanted last time (November 03) and delivered a buy opportunity that hit our 97.675 target (see chart below): The price has since pull-back and rebounded just before testing the 1D MA200 (orange trend-line). Even though it is still restrained below the 1D MA50 (blue trend-line), as long as the 1D MA200 holds, we expect...
Hey Traders, in the coming week we are monitoring AUDJPY for a selling opportunity around 98.200 zone, AUDJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 98.200 support and resistance area. Trade safe, Joe.
(Did this publishing on my mobile app.) On the Daily timeframe, a potential ABC pattern has been spotted. If you look left, the ABC pattern from the past is what I’m referring to. The RSI is overbought at this level and there is also a potential divergence being created between price and RSI. Buyers seem to still want to push but the effort in action seems like...
The AUDJPY has come up to test the PCZ of this Bearish Shark two times so far and it is now trying to come up for a third but has been slowed down by the 21SMA. If the 21 SMA manages to keep it down I think we can get an impulsive move down to around the 800EMA at 92.50
After price broke structure with momentum, it gradually retraced back towards a demand zone that it left behind during the expansion. It then started to consolidate, forming liquidity right above this demand, which could fuel price's expansion to the upside after imbalance has been filled and the demand has been mitigated. Due to price being in a bullish trend,...