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Aud-jpy

AUDJPY: Reversal pattern on 4-hour chartOn the daily chart, the AUD/JPY pair is in a strong support area, where the yearly trendline intersects with the monthly uptrend line and a monthly zone, in addition to a bearish weekly trendline, Fibonacci 61.8%, and the 100-week moving average. This indicates a high likelihood of strong price support at the level of 87.6. However, on the 4-hour timeframe, there are three consecutive bottoms and divergence on momentum indicators, which is a strong reversal pattern. The price needs to break through three obstacles, including a local downtrend line, a resistance level of 89.5, and the 50-period moving average on the 4-hour timeframe, before it can rise. Once these obstacles are overcome and the price stabilizes above 89.55, there will be a strong and rapid selling signal towards 91.5 as the first target and 92.8 as the second target. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Long
by Candlestick_OB
AUDJPY Potential DownsidesHey Traders, AUDJPY is trading in a descending channel, in the coming week i expect JPY to continue outperforming AUD as JPY is considered a safe haven in time of uncertainty in the Forex Market so it may continue to strengthen against commodity currencies and as Reserve Bank of Australia attend an 11 Years interest rate high that open a door for a pause and signals dovish interest rates hikes the coming meeting. so AUDJPY shorts should be a perfect catch. Technically we have noticed that AUDJPY is approaching the descending channel resistance so i will be watching a potential reversal around 89 resistance zone. and i would be targeting the channel support. feel free to ask any question in the comment section. Trade safe, Joe.
Short
by JoeChampion
22
AUDJPY to stall at current swing high.AUDJPY - Intraday - We look to Sell at 90.00 (stop at 90.75) Previous support located at 89.00. Previous resistance located at 89.50. Broken out of the channel formation to the downside. A higher correction is expected. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 89.00 will confirm the bearish momentum. Our profit targets will be 88.00 and 87.00 Resistance: 89.50 / 90.00 / 90.50 Support: 89.00 / 88.00 / 87.00 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.
Short
by OANDA
1
AUDJPY: Buy opportunity on a 10 month Support.The AUDJPY pair hit S1 (87.350), which is a Support level that is holding for 10 months. With the 1D time frame turning momentarily oversold (RSI = 32.308, MACD = -0.610, ADX = 52.239), we regards this as a strong long term buy opportunity. TP = 92.000, some points lower than R1, as the 1D MA200 may be lowered by the time it rises to that point, and it has caused the last rejection on February 15th. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
3
AUDJPY:Breakout and Potential Retrace along with JPY strengthHey Traders, AUDJPY was trading in an uptrend and then successfully managed to break it out and now is in a correction phase. i expect a potential retrace around 89 supply and demand zone at the trend as JPY shows some strength. one of the reasons JPY is strength simply as it's considered a classic safe haven in this type of environment in which we have multiple sentiments, global inflations in which most central banks are heading into a rate hike. Feel free to ask any question in the comment section. Trade safe, Joe.
Short
by JoeChampion
5
AUDJPYAUDJPY has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
AUDJPY - Possible H&S or Double Bottom? A double bottom is a bullish reversal pattern that forms after a downtrend, where the price hits a support level twice and bounces back up. A head and shoulders pattern is a bearish reversal pattern that forms after an uptrend, where the price makes three peaks, with the middle peak being the highest, and then drops down. We saw price break out and above the bearish trend we had been in to then hit a resistance level at 93.00 before retesting down to 91.925 because of the volatility we saw from the news which then created a double bottom support zone. Or a right shoulder? What do you think? 📈📉 Is AUDJPY forming a double bottom or head and shoulders pattern? 🤔 This bullish and bearish reversal patterns, respectively, can provide insight into potential market moves. 📊 Keep an eye on the support levels and price action to confirm the pattern formation. 🧐 Don't forget to use other forms of analysis to make informed trading decisions. 📚 #AUDJPY #doublebottom #headandshoulders #technicalanalysis #forextrading #marketanalysis #tradingstrategy #financialmarkets #investing #tradingtips #chartpatterns
by OfficialKieranTrewick
AUDJPY Potential for Bullish Rise | 14th February 2023Looking at the H4 chart, my overall bias for AUDJPY is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 91.730, where the intermediary overlap support is. Stop loss will be at 90.678, where the recent low is. Take profit will be at 93.182, where the overlap resistance is. 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 interest 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.
Long
by Rockqet
4
Possible bullish run for AUDJPYFocusing on the daily timeframe and spotting a bullish flag pattern on the 4H timeframe. AUDJPY could possibly resume a bullish trend alongside YEN-related pairs like CADJPY & SHFJPY. The pair flag pattern formation stays a little around the golden ratio of the Fibonacci level 50% and 61.6%, making a very continuation level. There is an alternative possibility of retesting the demand area again since it left on 19 Jan. However, I am generally bullish and that is my bullish setup, if you find it helpful you might just want to check it out.
Long
by Adefxc
AUDJPY Potential for Bearish Drop | 13th February 2023Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. With price tapping into my pullback sell entry at 91.259, where the overlap resistance is. Stop loss will be at 92.162, where the recent high is. Take profit will be at 88.118, where the previous swing low is. 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 interest 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.
Short
by Rockqet
AUDJPY Potential for Bearish Drop | 10th February 2023Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. With price tapping into my pullback sell entry at 91.259, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 92.162, where the recent high is. Take profit will be at 88.118, where the previous swing low is. 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 interest 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.
Short
by Rockqet
AUDJPY Potential for Bearish Drop | 9th February 2023Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. With price tapping into my pullback sell entry at 91.259, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 92.162, where the recent high is. Take profit will be at 88.118, where the previous swing low is. 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 interest 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.
Short
by Rockqet
AUDJPY Potential for Bearish Drop | 8th February 2023Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. With price tapping into my pullback sell entry at 91.259, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 92.162, where the recent high is. Take profit will be at 88.118, where the previous swing low is. 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 interest 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.
Short
by Rockqet
AUDJPY Potential for Bearish Drop | 7th February 2023Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. With price tapping into my pullback sell entry at 91.259, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 92.162, where the recent high is. Take profit will be at 88.118, where the previous swing low is. 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 interest 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.
Short
by Rockqet
AUD/JPY - Can the AUD outperform the JPY?COMMENTARY The AUD seems to be gaining the most against the JPY compared to the following G10 Fx pairs including the NZD, CAD, EUR, and the USD in front of tomorrow's Reserve Bank of Australian (RBA) interest rate decision. High price action across the AUD cross pairs is expected upon tomorrow's RBA rate decision. Current price for the AUD/JPY is above its 40 day moving average (bullish), MACD above its signal line (bullish), rate of change 13 day above its signal line (bullish); upside potential for a retest of the 92.8s provided price can remain above the 89.9 support; downside risk on break below the 89.9 support could position short sellers to target the 87.90 area. Not investment advice. Past performance is not indicative of future results.
by Skilling
1
AUDJPY Potential for Bearish Drop | 6th February 2023Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 91.259, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 92.162, where the recent high is. Take profit will be at 88.118, where the previous swing low is. 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 interest 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.
Short
by Rockqet
1
AUDJPY: Expecting a drop this week - RBA Interest Rate DecisionI believe we'll see a drop in AUD against pairs this week, following the RBA Interest Rate Decision (Tuesday 7th Feb, 3.30am UK time). Fundamentally, inflation is about where RBA believe it will peak. RBA don't like to hike rates, a 0.25% increase is expected, which I expect is already priced in. This should mean that if the rate doesn't change on Tuesday, or is the expected 0.25% then AUD will drop. For AUDJPY, based on price action, it's just broken (and retested) a dynamic ascending trendline, as well as a weekly support, there is also a Pin Bar on the 8hr. The 200MA is the only thing in the way, as far as I can see? I'm going to be looking for LTF opportunities to short this pair at the start of the week.
Short
by Finchcliffe
AUDJPY Potential for Bearish Drop | 3rd February 2023Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 91.259, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 92.162, where the recent high is. Take profit will be at 88.118, where the previous swing low is. 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 interest 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.
Short
by Rockqet
1