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AUDJPY

06062023 - #AUDJPY $AUDJPYMarket came down very slight yesterday, and was supported at PZ, forming a tweezer type of candle. Similar move this morning with the down move to test yesterday's low but now market 20 pips higher. USDJPY is weaker but overall, yesterday's price action is not a clear reversal candle. Possible move for today, IMO (with important AUD news later); the thesis would be if yesterday's candle is an intermediate high. Price is now between PZ and BZ. If you ask me, could get a move lower to 91.76 which would be a good location to look for longs. For now, price below PZ, is a short for a move to 92 and 91.76.
by FadeMeIfYouCan
AUDJPY - 4hrs ( Sell Trade After retest : Tp Range 250 PIP )💲Pair Name : AUD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short After Retest ) Type : Mid Term Swing ——————————— 🔰Bearish Reversal 93.000 Area Reasons - Major Turn level - Weekly Price Action - Visible range Value - Fibo Golden - Quarter's Area 🔰Bullish Reversal Area 91.000 reasons - Major Turn level / D - Visible Range Lvn Area - Liquidity Zone - Missing Retest - Past Month High - Fibo Golden Zone
Short
by GentleGoldenEngine
1
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.
Long
by OANDA
AUD/JPY Strong Resistance and 200 WMA cross Long opportunityHi traders! According to my analysis, the AUD/JPY currency pair is expected to increase, presenting a potential Long opportunity. The basis for this expectation is the recent crossing of the price Above the 200 - period Weighted Moving Average (WMA), indicating a Bullish signal. Additionally, there is a strong resistance level that further strengthens the case for an upward movement in the price. Have trading day ahead!
Long
by TheNomadTraderYT
AUDJPY - 4hrs ( Sell Trade Target Range 160 PIP ) 💲Pair Name : AUD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ↘️ Short ) Type : Mid Term Swing ——————————— 🔰Bearish Retest 90.800 Area Reasons - Major Turn level - Visible Range Lvn - Fixed Range Poc - Turn over Break - Month High area 🔰Bullish Reversal 89.200 Area Reasons - Major turn level / D - visible Range lvn - visible Range value - pattern Target - Liquidity Zone - Fibo Golden
Short
by GentleGoldenEngine
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). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
5
AUDJPY - Short active ✅Hello traders! ‼️ This is my perspective on AUDJPY. Technical analysis: Here we can see that price failed to break previous high and then changed the character, filled perfectly the imbalance and then rejected from institutional big figure 92.000, so I opened a short position. Fundamental analysis: On Wednesday we have news on AUD, will be released yearly CPI, one of the most important macroeconomic indicator. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
AUD/JPY Downbeat Data and Cautious Sentiment Weigh.The AUD/JPY currency pair continues to face downward pressure, hovering around its intraday low after experiencing a decline from its eight-day high. The pair's movement is influenced by the release of key economic data, including Australia's employment report and Japan's trade numbers for the month of April. As the AUD/JPY pair is considered a risk barometer, qualitative factors will play a significant role in determining its direction, particularly due to the light economic calendar. The AUD/JPY pair is currently experiencing selling pressure, pushing it to refresh its intraday low near 91.20. This rapid decline amounts to nearly 50 pips, triggered by the disappointing Australian jobs report for April, which came in below expectations. Furthermore, the pair is also weighed down by the negative yield and cautious sentiment prevailing in the market. Australia's employment change figure for April came as a surprise, showing a decline of 4.3K jobs compared to the expected increase of 25K and the previous month's figure of 53K. Additionally, the unemployment rate in Australia rose to 3.7% from the previous 3.5%. Earlier in the day, Japan's merchandise trade balance total for April showed improvement, reaching ¥-432.4B, surpassing the expected ¥-613.8B and the previous month's ¥-755.1B. However, both imports and exports for April experienced a decline on a year-on-year basis, with imports contracting by 2.3% and exports growing by 2.6%, falling short of market forecasts of -0.3% and 3.0% respectively. These figures represent a decrease from the previous month's values of 7.3% and 4.3% for imports and exports respectively. On the previous day, Australia's wage price index for the first quarter of 2023 remained unchanged at 0.8% quarter-on-quarter (QoQ), failing to meet the market consensus of 0.9%. However, the year-on-year (YoY) numbers showed improvement, reaching 3.7%, surpassing the expected 3.6% and the previous reading of 3.3%. In contrast, Japan's preliminary reading of the first quarter (Q1) 2023 gross domestic product (GDP) figures revealed a growth rate of 0.4%, exceeding the market's expectation of 0.1% and the previous reading of 0.0%. It is worth noting that the AUD/JPY pair's recent upward momentum was driven by the market's improved risk appetite, mainly due to diminishing concerns regarding a US default. Additionally, hopes of increased investment from China also supported the pair's recovery, as the National Development and Reform Commission of the People's Republic of China (NDRC) announced measures to stimulate consumption and stabilize and expand manufacturing investment. However, the lack of further positive catalysts, along with a cautious sentiment ahead of significant Australian data and doubts regarding the Reserve Bank of Australia's (RBA) hawkish stance, has led the risk barometer pair to consolidate its weekly gains. Despite the positive performance on Wall Street, S&P 500 Futures show slight losses, and US Treasury bond yields remain stagnant near multi-day highs. Specifically, the yields on the 10-year and two-year Treasury bonds have risen to their highest levels since May 01 and April 24 respectively, with a four-day uptrend near 3.57% and 4.16%. However, they have slightly decreased to 3.55% and 4.13% respectively at the time of writing. Looking ahead, with a light economic calendar, the AUD/JPY pair may consolidate its recent gains if market sentiment continues to deteriorate. From a technical analysis standpoint, it is worth considering that the price of AUD/JPY may experience a new pullback around the 50% and 61.8% Fibonacci retracement levels. These levels coincide with the dynamic trendline, adding to their significance. This potential pullback could serve as a temporary pause in the downward movement before the price resumes its upward trajectory.
by FOREXN1
15