AUDJPY I Scalp and intraday long opportunity from support Welcome back! Let me know your thoughts in the comments!
** AUDJPY Analysis - Listen to video!
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AUDJPY
AUD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
AUD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 103.058 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUDJPY The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for AUDJPY below:
The instrument tests an important psychological level 104.61
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 103.93
Recommended Stop Loss - 105.04
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Strifor || AUDUSD-31/05/2024Preferred direction: SELL
Comment: On the last day of this month, we will most likely have a busy day, where all the main events for the Australian dollar will develop at the level of 0.66460 . As always, we highlight two scenarios for the development of events.
Scenario №1 is the most probable expected maneuver in the market for today, where, most likely, the price will accumulate below 0.66460 and then fall to support at the level of 0.66000. There is also an alternative option called scenario №2 , where entry is also assumed near the level of 0.66460 , but after the formation of a false breakout.
Additional comments on this trade will be provided as situation changes. Follow us!
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AUD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
AUD/JPY is making a bullish rebound on the 6H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 103.350 level.
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Incoming Fall on AUDJPY?AUD clearly wants to create a new high possibly tonight passing the previous high at 104.967. On RSI+ Bollinger Bands it's also showing me that price should be coming down on the 4 hr & Daily time frame. I'm Specifically looking for 3 confirmations: that high to be taken out on the 4 hr time frame because the is liquidity that institutions want, a second liquidity sweep on the 15 min time frame followed by good volume pushing price down with a fair value gap within 3 candles. By looking on the 4 hr time frame there are double bottoms that I would target but I would definitely secure this trade going for a 1:2 rr at the price of 104.350. This is at trade to be patient with. If this setup is not presented to me within this asian session I will not take it
AUDJPY Technical Analysis and Trade IdeaUpon analyzing AUDJPY, a robust bullish trend emerges, particularly when examining the daily and 4-hour charts. Notably, we’ve identified bullish price action—a clear breach in market structure on the 1D and 4H timeframes. However, it’s essential to acknowledge that this breakout might lead to a short-term bearish correction before the overall bullish trend resumes.
Trade Idea: Given the prevailing bullish bias, we seek buying opportunities near key support levels. A pullback toward the 61.8% Fibonacci retracement level could present an attractive entry point.
Remember that this analysis is for educational purposes only. Always conduct thorough due diligence and adhere to risk management principles when implementing any trade ideas. 📈💡
AUDJPY to hold back the bulls at market price?AUDJPY -24h expiry
Broken out of the wedge to the downside.
Price action looks to be forming a top.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 104.00 will confirm the bearish momentum.
We look to Sell at 104.30 (stop at 104.70
Our profit targets will be 103.30 and 103.05
Resistance: 104.25 / 104.50 / 104.75
Support: 104.00 / 103.25 / 103.00
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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.
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Strifor || EURAUD-24/05/2024Preferred direction: BUY
Comment: Previously, we published a medium-term trading idea with a target at the level of 1.64767 . This idea is still at work, and the stated goal is also relevant. If we consider the current picture, we can consider entering a long position with the same target at the level of 1.64767 (scenario №1). This will be especially interesting for those who did not manage to enter a long position earlier.
As an alternative entry into a long position within the short-term framework under consideration, we can highlight scenario №2. However, it is undesirable, and it is better to look for a buy at current prices at the time of writing this trading idea.
Additional comments on this trade will be provided as situation changes. Follow us!
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AUDJPY Will Go Lower! Short!
Here is our detailed technical review for AUDJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 104.039.
Taking into consideration the structure & trend analysis, I believe that the market will reach 103.300 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDJPY Channel Up topped. Sell signal.The AUDJPY pair reached the top of its long-term Channel Up, while at the same time the 1D MACD is about to complete a Bearish Cross today. This is a strong sell signal combination and the minimum decline that the pair has within this Channel Up on a pull-back, has been -1.84%. As a result our short-term Target is 102.650.
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Strifor || AUDUSD-21/05/2024Preferred direction: BUY
Comment: The currency pair continues to trade above the level of 0.66460 , and at the beginning of this week, we maintain our buy priority for this instrument, as well as the scenario.
Today, both scenarios are relevant, and until the support level of 0.66460 is broken down by sellers, the bullish mood will persist. It should be noted that the goal should not be set too high. The area 0.67500-0.68000 is the growth ceiling.
Additional comments on this trade will be provided as situation changes. Follow us!
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Heading into 50% Fibonacci resistance?AUD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 103.95
1st Support: 103.49
1st Resistance: 104.47
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Disclaimer:
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AUDJPY I Potential reversal from resistance Welcome back! Let me know your thoughts in the comments!
** AUDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!
AUD/JPY SHORT FROM RESISTANCE
Hello,Friends!
AUD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 100.034 area.
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Strifor || USDJPY-17/05/2024Preferred direction: SELL
Comment: The Japanese yen , like the franc in the past, perfectly worked out all our previous trading ideas. Sell-priority for the American currency remains, and at the same time, for the USDJPY currency pair we also expect a fall to the level of 153.222 . Here we consider two scenarios.
Scenario №1 involves shorting from the resistance of the downward channel, that is, selling at current prices. Scenario №2 is a preliminary growth before a fall to level 157 , where there is a liquidated zone and perhaps the market will want to test this area before the fall.
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AUDJPY Short - Yearly highs and breakoutAUDJPY short opportunity.
Price is sitting at previous yearly highs, therefore breaking any higher will take significant effort.
On the shorter time frame we can see price retesting the previous high and price broke down from a rising channel.
A great chance for price to move back to the 100 or even 98 mark to the bottom of the daily channel.
Strifor || AUDUSD-14/05/2024Preferred direction: BUY
Comment: The current week will be the most intense compared to the previous one, as a number of important economic data are expected to be published. The focus will certainly be on the US CPI.
Against this background, we still adhere to the buy priority for the Australian dollar and expect growth to the maximum level of 0.66460 from current prices (scenario №1) . This level is the main target, although you can expect a slight rise a little higher as part of a false upward movement. In the longer term, we also believe that the currency pair will turn downward.
Additional comments on this trade will be provided as situation changes. Follow us!
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