AUDJPY
Bullish Wedge Formation and Breakout Detected in AUDJPYAUDJPY has formed a bullish wedge pattern within a robust uptrend. The latest price action indicates a bullish breakout confirmation, suggesting that the upward climb is likely to continue. It is anticipated that the price will retest the previous high near the 97.500 level.
AUDJPY Long Term Buying IdeaHello Traders
In This Chart AUDJPY H4 Forex Forecast By FOREX PLANET
today AUDJPY analysis 👆
🟢This Chart includes_ (AUDJPY market update)
🟢What is The Next Opportunity on AUDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
AUDJPY Long possible move After a break-out of descending trend line on H1 time frame it's like we have possible resistance area changed to support one and price would react to it
So keep an eye to #audjpy on lower time frames like M30 and M15 to get confirmation for Buy position
Don't forget to write down your opinion about this Technical analysis ...
Why is the Bank of Japan nervous? ...To properly represent (and trade!) the Yen related pairs, it is strongly recommended to create a Yen-based currency basket. (I did attempt to import data into TV from such a basket - weighted by the acceleration differential between the USD, EUR, GBP, AUD, CAD, CHF and a basket of Central European currencies versus the Yen but for some reason I couldn't make that work. I.e., the main chart here represents the next best thing which is an unweighted USD|EUR|GBP|AUD|CAD / YEN basket, to convey the same idea.)
The central problem the Bank of Japan is facing at this moment, continued acceleration of rate (and thus, price) differentials relative to the other G-20 currencies. (I.e., The Yen price levels, alone, would not cause the same concerns.) On the top of it, China's PBC decided to dump massive amounts of Yen (and Euro) reserves, still actively taking place as of last Friday.
The now solid uptrend in Japanese economic indicators also continue to add to the upward pressures, leaving the BoJ with ever less wiggle-room.
FX Yen options implied volatility - 8.34%-8.93% - is running under historical levels, (i.e. they are considered "cheap") despite the increased Call buying, as of late.
Ultimately, what the BoJ will be forced to do here, and most importantly When(?) and to what extent, is still open to debate but two aspects of this issue became rather obvious;
1) At this point markets, in general, seem to maintain a complacent stance (see options pricing) regarding the significance and potential magnitude of a BoJ move;
2) This is a 30-year, $3+ Trillion Dollar short position which will have to be unwound (covered) in the event of a BoJ interest rate hike and as such, liquidity will be a major issue!
To illustrate the last point - above -, this was the recent EURJPY action following a rumor that the BoJ "may do something";
Aussie Yen: Strong Bullish Momentum As Yen CollapsedHello Fellow Forex Traders, Here is a technical analysis of AUDJPY!
The recent price action of AUDJPY indicates a potential continuation of the bullish trend as it has consistently rebounded from the EMA90 line. Moreover, we can observe the formation of a falling wedge pattern, followed by a trendline breakout. This breakout suggests the likelihood of an upward movement soon. To further support this possibility, the MACD indicator has formed a golden cross, which typically signifies a bullish trend, indicating a potential upward movement toward the target area.
Upon reaching the first target/resistance level, a potential correction scenario may occur before going to the second target.
It is important to keep in mind that once the target/support area is reached, the roadmap provided may no longer be valid.
If you find this analysis helpful, I encourage you to show your support by clicking the rocket button and sharing your opinions in the comments section below.
"Disclaimer: This analysis is intended solely for educational purposes and should not be considered as a recommendation to take a long or short position on the FX:AUDJPY currency pair."
Wishing you successful trading endeavors!
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.
Please like, follow and comment!!
AUDJPY Is Very Bullish! Buy!
Take a look at our analysis for AUDJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 95.799.
The above observations make me that the market will inevitably achieve 97.275 level.
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.
Like and subscribe and comment my ideas if you enjoy them!
AUDJPY Short Term Buy IdeaD1 - Strong bullish momentum.
Higher highs.
No opposite signs.
H4 - Potential bullish divergence.
Until the two key support zones hold my short term view remains bullish here.
A valid breakout above the most recent downtrend line would be the validation for this bullish view.
AUD/JPY Expected Growth! BUY!
My dear friends ,
My technical analysis for AUD/JPY is below:
The market is trading on 96.296 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 96.812
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
AUDJPY H4 | Pulling back to overlap supportAUDJPY is pulling back towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 95.697
Why we like it:
There is an overlap support
Stop Loss: 95.025
Why we like it:
There is an overlap support that aligns close to the 38.2% Fibonacci retracement level and -27.2% Fibonacci expansion level
Take Profit: 96.898
Why we like it:
There is an overlap resistance
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.