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AUDJPY

AUDJPY: Thoughts and Analysis Today's focus: AUDJPY Pattern – HL Continuation Support – 96.10 Resistance – 97.52 Hi, and thanks for checking out today's update. Today, we are looking at the AUDJPY on the daily chart. Today's video asks if the AUDJPY will continue its continuation pattern. We have run over the price action that drew us to this setup and what we want to see to give us confirmation. We have also run over warnings from price that could invalidate the setup. If we see buyer confirmation, we will then look for a test or break of 97.52 resistance. This could suggest that the current upleg is becoming a new short-term trend. Good trading.
Long
by Eightcap
AUDJPY H4 | Bearish reaction off 50% fibo?Price could retest the neckline of the head and shoulders pattern formed, which is at our sell entry at 96.58, and at the 50% fibo retracement. Our stop loss is at 97.14, which is above the swing high resistance level and right shoulder. Take profit is at 96.04, which is a pullback support level, before the 50% fibo retracement. High Risk Investment Warning 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. 70% 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. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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 Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. 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.
Short
by FXCM
1
AUDJPY H4 | Potential bullish reversalAUDJPY is falling towards an overlap support and could potentially bounce off this level and rise up to our take profit target. Entry: 95.779 Why we like it: There is an overlap support that aligns close to the 50.0% Fibonacci retracement level Stop Loss: 95.450 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement level Take Profit: 96.570 Why we like it: There is a pullback resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
AUDJPY → Aussie falling back into new lows, heading for 96.00The FX:AUDJPY is seeking out further downside as the Aussie markets tilt firmly into the bearish side heading into the Friday market session. The Aussie's (AUD) near-term bullish stance from last week is cracking into pieces, marking in a technical ceiling against the Yen (JPY) after a failed push into 97.60 sees the AUD/JPY dumping chart paper. Bids have tumbled below the 200-hour Simple Moving Average (SMA) as intraday momentum rotates into bear country. Bids are seeing near-term friction from the 96.40 region, but a short-side continuation will see the AUD/JPY extending downwards into the 96.00 handle. The 50-hour SMA is falling back into the longer moving average but still remains on the top side, and a bearish confirmation could see any bullish pullbacks primed for a continuation lower if bidders don't step into markets and recover the AUD heading into the week's market close.
Short
by tradingconmike
2
AUDJPY H4 | Potential Bullish breakout?Price is consolidating right now, near to our buy entry at 96.89, which is a multi-swing high resistance level. Price could create a bullish breakout above this resistance level, to reach our take profit target at 97.56. Our stop loss is at 96.21, which is below the 23.6% fibo retracement level. High Risk Investment Warning 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. 70% 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. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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 Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. 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.
Long
by FXCM
1
Pennant - AJHere on the Daily Chart I have AUD/JPY showing signs of a Pennant pattern! Lower Highs into Higher Lows until a "Pinch Point" where price will need to break Bullish or Bearish. Pennants can break either way but the direction of the Market usually has an influence on where price will go after the break. Price has tested the Falling Resistance and Rising Support twice already, so I am waiting to see what the Third test of either Trendline will bring! Price currently is on its way up so I suspect we will get a third test of the Falling Resistance shortly! *Chart patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
by Novi_Fibonacci
6
AUDJPY - Long Story SHORT !Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart AUDJPY has been stuck inside a big range and it is currently hovering around the upper bound / resistance zone in green. on H1: Right Chart For the bears to take over, and activate our sell setup, we need a break below the last low highlighted in gray. Meanwhile, AUDJPY would be bullish and can still trade higher inside the weekly resistance 97.0 - 98.0 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
4
AUDJPY Buy the pull-back.The AUDJPY pair is trading within a Channel Up pattern that is currently rising on the 1D MA50 (blue trend-line). A recently formed Bullish Cross on the 1D MA50, calls for a potential short-term pull-back similar to the August 24 MACD Bullish Cross. We will wait for that opportunity near the 1D MA200 and buy, targeting Resistance 1 at 97.675. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
RBA meeting playbook – a 25bp hike is the call Having been on hold since June the RBA should hike by 25bp to get the cash rate to 4.35%. We see a 60% chance of a hike priced into interest rate futures, with the market having a high conviction that if they don’t hike next week then they will almost certainly in December. 21 of 24 economists (surveyed by Bloomberg) are calling for the hike. The doves do have a case for the RBA keeping rates on hold, but the case to hike seems stronger., with Aussie economic data consistently beating expectations since early October. This should culminate in the RBA increasing its inflation forecasts for Dec-23 and June-24 by 25bp, with its trimmed mean CPI estimate likely revised higher by around 50bp. Given Q2 GDP came in 50bp above the RBA’s forecasts we should see its growth measures increase as well. One can argue that leaving rates on hold would risk the bank being seen as getting behind the inflation curve, and we can see market pricing of 5-year inflation expectations rising to 2.81% - approaching the highest levels since 2011. Some have also focused on Treasurer Jim Chalmers recent comments that the Q3 CPI print did not represent a “material” worsening in the inflation outlook, and by leaving rates on hold it could be seen as a sign of reduced central bank independence. The RBA to review the stress on households We can look ahead to the upcoming bank earnings reports with WBC (6 Nov), NAB (9 Nov) and ANZ (13 Nov) and review their asset quality given lending rates have increased so rapidly. In the prior trading updates, there was no clear evidence that borrowers were facing broad difficulties. In fact, projections that total scheduled P&I payments will push to 9.75% of household disposable income in 2024, suggest servicing this debt is still manageable. We also see over 40% of households are ahead on mortgage payments and have enough savings to cushion a further increase. In terms of volumes, APRA’s September lending data showed total gross loans and advances grew 0.7% m/m in September, with household lending growth +0.3% m/m and business growth +1.2% m/m. Credit card volumes increased 1.2%. And with house prices still on the rise, these are factors that will lean the RBA towards a hike. The RBA will be cognisant of the impact a further lift in the cash rate will have on households and businesses – but while some will be negatively impacted and undergo real stress, on the whole borrowers should be able to readily absorb more hikes. Trading the RBA meeting Given market expectations and pricing, should the RBA leave rates on hold but retain a hawkish bias, then we should see the AUDUSD drop 50 pips or so off the bat, with a solid rally likely seen in the AUS200. With the base case being we see a 25bp hike while maintaining a tightening bias, then all things being equal the AUD should find good buyers, with AUDUSD spiking 30-40 pips. AUDNZD has been the most sensitive to interest rate differentials, as we see here in the AUS-NZ 2-year forward rate differentials. If the RBA hike and imply more then AUDNZD should break the recent highs of 1.0940. In fact, on a simple rates model the AUDNZD cross should be trading closer to 1.1050. AUDUSD is more of a risk proxy than a rates play, taking direction from S&P500 futures and the HK50 index, but the setup is looking more compelling for longs. I prefer to play this from a momentum standpoint and wait for the close above 0.6445, for a potential move into 0.6600. EURAUD, AUDCHF and AUDJPY are also risk proxies and have a good relationship with the VIX index. Granted, if the RBA hikes, then we will likely see a pop in the AUD, but after a short period traders will revert to taking its direction from S&P500 futures and cross-asset volatility. Looking at AUD 1-week implied (option) volatility (vol) we see vols are not showing any real signs option market makers are expecting a significant change in the trading conditions next week. That said, given the split pricing for Tuesday, we could see some rapid-fire moves around the announcement and that is a risk traders need to manage.
Long
by Pepperstone
AUDJPY Technical Analysis And Trade IdeaIn this video, we offer an in-depth analysis of the AUDJPY currency pair, with a primary focus on the prevailing bullish price swing evident on the 1D and 1W timeframes. Notably, the pair is approaching a critical resistance level, suggesting the possibility of a retracement. Throughout our discussion, we delve deep into the intricate aspects of technical analysis, covering the prevailing market trend, price dynamics, market structure, and other key elements essential to effective technical analysis. As we progress through the video, we will explore a potential trading opportunity in greater depth. It's crucial to underscore that the content shared in this video is intended purely for educational purposes and should not be interpreted as financial advice. It is paramount to acknowledge that participating in forex trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate robust risk management strategies into your trading plan.
Long
by fxtraderanthony
Trade Idea AUDJPY Short📉 Trade Idea: #AUDJPY Short 📉 📌 Entry: Sell Stop @ 95.53 🛑 Stop Loss: 94.154 🎯 Take Profit 1: 94.914 🎯 Take Profit 2: 94.291 🧐 Trade Analysis: - 📊 1-Hour Divergence: A bearish divergence signals potential downside. - 🔄 Inverted Head and Shoulders: This pattern often indicates a reversal to the downside. - 📈 4-Hour Range: The pair is currently ranging, offering a potential trading opportunity. 📚 Educational Insights: 1️⃣ A bearish divergence occurs when the price is rising while the indicator (e.g., RSI or MACD) is falling, suggesting a potential reversal. 2️⃣ Inverted Head and Shoulders is a bullish reversal pattern, but when it appears in a downtrend, it may signal a bearish reversal. 3️⃣ Ranging markets provide opportunities for traders to profit from price fluctuations within a specific range. 📊 Remember to manage your risk and use proper position sizing. #TradingTips 💡 📢 Disclaimer: This is not financial advice. Trade at your own discretion and risk management. #ForexTrading #TechnicalAnalysis 📈💹
Short
by T-Q
1
AJ – LOOK FOR SELL ENTRY ??Hi Friends! Let’s analyses this pair from multi time frame. JXY Weekly : Japanese Yen Index is getting rejection at Weekly support and moving upside. Meaning, Ttere will be a SELL presure for all JPY related pair H1 : AJ H1 is re-testing order block/supply zone. Let’s monitor price action and look for sell Just remember to manage your capital while trading. No matter how perfect your trading system is, the way you manage your risk is the key to be a consistent trader. FX:AUDJPY OANDA:AUDJPY FOREXCOM:AUDJPY
Short
by Trading_Zone_3773
1
AUDJPY: Big week for JPY Yen this weekThere's talk of the BoJ lifting the limit on yields to 1.5% from 1% this week, which would be a very strong catalyst for the Yen to start showing some strength. We can see that this pair does not have any direction at the moment, trading in a flag pattern, but I don't see this as either bullish or bearish at the moment. I'm not sure how or when or if to trade this but monitoring, my idea is based on BoJ protecting its currency generally, I am seeing the Aussie getting stronger so think we'll go up before coming back down, let's see...
Short
by Finchcliffe