AUD/JPYPrice is in a downward trend in 1 H time frame .. any up in price is a chance to enter the trend.. now is an excellent opportunity.
Although it's in the middle of a trend, and I usually don't enter in the middle. Still, this one is a low risk .. with risk management, you can join it now .. and follow it down to wherever it goes .. remember to stop-trail .. and remember this marker is all about probability. There's no one, I mean NO ONE, who can predict the market and say with 100% confidence about a situation .. you need to learn this fact.
Ps . Leave your comment and thoughts.
May all your pockets fill with green money.
Aud-jpy
AUDJPY: Sell continuation with two support levels in focus.AUDJPY is on a 3 week selling streak with the 1D time frame just turning neutral (RSI = 45.648, MACD = 0.510, ADX = 43.673) after more than a month in the bullish zone. The price is approaching the 1D MA50, where you can buy on a 2-3 days basis but we mostly focus on getting a sell on that bounce and target the HL trendline (TP 93.100) near the S1. Further selling can be done only after the price closes a 1D candle under the 1D MA200 and target the S2 (TP = 90.300). Until that happens, the HL will be a buy entry for us, targeting R1 (TP = 96.850).
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Will AUDJPY find buyers at market?AUDJPY - 24h expiry
Trading within a Corrective Channel formation.
We look for price action to stay within the channel formation today.
Risk/Reward would be poor to call a buy from current levels.
A move through 95.50 will confirm the bullish momentum.
Short term RSI has turned positive.
We look to Buy at 94.70 (stop at 94.25)
Our profit targets will be 95.90 and 96.20
Resistance: 95.50 / 96.00 / 96.50
Support: 95.00 / 94.75 / 94.50
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDJPY Potential UpsidesHey Traders, in the coming week we are monitoring AUDJPY for a buying opportunity around 94.400 zone, AUDJPY is approaching a significant support line around the 94.400 supply and demand area. Once bulls are confirmed i would consider 96.5 as a target as it's considered the next major resistance zone AUDJPY will be facing.
Trade safe, Joe.
Target Reached! AUDJPY ReviewPrice reversed nicely from the 96.84 level we forecasted and dropped all the way down to the support target.
How did we manage to forecast this setup? Join Desmond as he breaks down the move.
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AUDJPY: Classic Bull Flag PatternI'm expecting further strength for the Aussie this week, and weakness from the Yen against it, so I'm looking for a long.
We may fall-back to the 38.2 fib but then I think we'll see a strong move upwards, breaking out of the bull flag.
We've seen this retracement as the pair became over-bought, but we now seem clear for a continuation upwards.
I'm keeping a close eye here for signals and confirmation using LTF's.
AUDJPY, H1 | Short term reversalPrice is approaching a big resistance at 96.85 which is an overlap resistance and a 127% Fibonacci extension. A reversal from here could see prices drop to the 96.53 level where the start of the breakout occurred.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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AUDJPY Bull Flag broken upwards. Buy opportunity.AUDJPY crossed today over the MA50 (4h), breaking at the same time above the 10 day Bull Flag pattern.
All this after holding the MA50 (4h) as Support.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 97.675 (Resistance 1).
Tips:
1. The RSI (4h) broke above its Resistance. An additional bullish signal.
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AUDJPY - Short-Term Bullish ExpectationThis is a combined chart using the Futures contract for the Aussie and the Yen
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF
- ETC
AUDJPY to breakdown from a bearish flag?AUDJPY - 24h expiry
The move lower is mixed and volatile, common in corrective sequences.
The previous low is located at 95.80.
The current move lower is expected to continue.
A move through 95.80 will confirm the bearish momentum.
Short term RSI has turned negative.
We look to Sell a break of 95.77 (stop at 96.27)
Our profit targets will be 94.57 and 94.37
Resistance: 96.55 / 96.75 / 97.00
Support: 95.80 / 95.00 / 94.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDJPY Excellent long term sellAUDJPY got rejected this week just before hitting Resistance A that is the High of September 13th 2022.
Any rebound is a strong sell opportunity now as even the 1day RSI crossed under the MA level after becoming the most overbought its been since March 2022.
The September 2022 peak got rejected back to its Fibonacci 0.618 level.
Sell and target the new Fibonacci 0.618 which is at 90.350.
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AUDJPY to find buyers at market?AUDJPY - 24h expiry
Previous support located at 96.50.
Previous resistance located at 97.00.
There is no clear indication that the upward move is coming to an end.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 96.00 (stop at 95.50)
Our profit targets will be 97.20 and 97.45
Resistance: 97.00 / 97.25 / 97.50
Support: 96.50 / 96.00 / 95.50
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDJPY Double Sell SignalThe AUDJPY pair has been trading within a Channel Down pattern since the October 21 2022 High. Supported by the 1D MA50 (blue trend-line), it not only entered yesterday the Resistance Zone of December 13, but also reached the top (Lower Highs trend-line) of the Channel Down.
This is a Double Sell signal and as long as candles close below it, we will be selling towards Support 1 and the bottom (Lower Lows trend-line) of the Channel Down at 85.100. If a 1D candle closes above the Resistance Zone, we will continue buying for a short-while and target Resistance 2 (95.750).
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AUDJPY Potential UpsidesHey Traders, in the coming week we are monitoring AUDJPY for a buying opportunity around 91.700 zone, AUDJPY was trading in a downtrend and successfully managed to break it out. Currently AUDJPY is in a correction phase in which it is approaching the retrace zone at 91.700 support zone. Fundamentally with current inflation issues in Australia further rate hikes are expected from RBA which should trigger AUD strength.
Trade safe, Joe.
AUDJPY to find buyers at previous swing highs?AUDJPY - Intraday
Previous support is located at 91.50.
Previous resistance located at 92.00.
The trend of lower intraday highs at 92.00 needs to be broken to confirm a reversal.
Risk/Reward would be poor to call a buy from current levels.
The RSI is trending higher.
We look to Buy at 91.25 (stop at 90.90)
Our profit targets will be 92.15 and 92.25
Resistance: 92.00 / 92.25 / 92.50
Support: 91.50 / 91.25 / 91.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AUDJPY: Rejection on 1D MA200 and Channel's Top. Sell.AUDJPY has now had two rejections in less than a week on the 1D MA200, which is also at the top of the six month Channel Down pattern. The 1D technicals have already turned neutral (RSI = 50.136, MACD = 0.500, ADX = 19.362), the 1D RSI has been trading sideways inside a Rectangle while the price was on HH/ HL, which indicates a Bearish Divergence and the confirmation for a complete bearish reversal will come if the price crosses under the 1D MA50.
This is technically the bearish leg to the new LL of the Channel Down. We are targeting the S3 (TP = 86.050).
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AUDJPY UPDATE I posted about AUDJPY before and I’m a show in this chart because it has been performing expected. Currently it seems that it is having a retracement and may try to break above the resistance level/ double top that it created. However, it is not clear that it will keep the clean structure that he has right now. Manage risk is a top priority I will keep updating. Note. AUDJPY has a correlation with CADJPY and other JPY pairs
AUDJPY is getting excitingly bullishToday we say the break above the downtrend trendline, and this is after the uptrend trendline has been respected. HH and HL pattern validates an uptrend and we should continue the price journey north. A little pullback is healthy, and this is where we'll go for our long position.