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AUDJPY

AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY These days, AUDJPY is slightly UP due to MARKET RISK ON. The reason for that was that the MARKET SENTIMENT was somewhat POSITIVE with FED UPDATES. JPY WEAK AFTER BOJ MEETING. Because of that, XXXJPY CURRENCIES went UP very fast. It still has an effect. Anyway, they said that the BOJ MONETARY POLICY will be relaxed even more. Therefore, after JPY becomes PRICE, XXXJPY PRICES may be UP in the future. Even now, we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to RETRACE to higher resistance. Anyway, if the AUDJPY goes upside down again, the VIX should go down and the JPY should go up, and STOCKS should go up. The dollar should continue to strengthen as it has in recent days. AUDJPY can definitely SELL at 90.00 LEVEL. But somehow, after that, AUDJPY may go UP to 95.54 LEVEL. Anyway, if JPY becomes WEAK, if the UP SIDE STRUCTURE is BREAK, there is a very good situation to BUY AUDJPY.
by benny_marshall
AUDJPY - Short active ✅Hello traders! ‼️ This is my perspective on AUDJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective as we can see clear lower lows and lower highs, so I am looking for shorts. I expect bearish price action from here as price filled the imbalance and could reject from bearish order block. Fundamental analysis: Tomorrow we have news on AUD, will be released Interest rate which is forecasted to remain the same, it means there is no a great plan in Australia to support the currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
AUDJPY to find support at previous resistance?AUDJPY - 24h expiry - Previous support located at 90.50. Previous resistance located at 91.00. There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 90.05 (stop at 89.62) Our profit targets will be 91.02 and 91.22 Resistance: 91.00 / 91.50 / 92.00 Support: 90.50 / 90.00 / 89.50 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
1
Potential buyWe had a volatility contraction kind of movement because price impulsively dropped, formed a contraction then abruptly broke out of structure in a volatile way. Price dropped to create the 87.865 low and formed an accumulation phase to drive price up. The change in market structure occurred, then price made a pullback to the demand zone and impulsively went bullish. The market is already printing reversal candlesticks, looking for price to trigger the order block and drop to or below 89.600 to give us that bullish momentum to 90.779…
by tokelohomi
AUD/JPY A Fall Expected! SELL! My dear subscribers , Please, find my technical outlook for AUD/JPY below: The instrument tests an important psychological level 90.126 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Goal - 89.596 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
4
CHFJPY I Trading plan and important considerationsWelcome back! Let me know your thoughts in the comments! ** CHFJPY 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
10
AUDJPY: Testing the 1D MA50, approximating the perfect shortAUDJPY continues to trade inside a Channel Down, testing today the 1D MA50 after a continuous 1 month counter trend rise. For the time being this is rise similar to the one that was completed on February 14th and made the latest Lower High on the Channe Down. The ideal short entry is between R1 and the 1D MA200. We set a long term target on AUDJPY on the bottom dotted trendline (TP = 85.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
RBA meeting preview – a traders perspective Traders are looking ahead at the RBA meeting (2 May 14:30 AEST) and reviewing where the balance of risk sits, as well as the propensity for volatility. As always, the need to manage the risks when holding exposures over news is of clear importance. From a volatility perspective, AUDUSD 1-week (options) implied volatility sits at 11.2% - the 20th percentile of the 12-month range – in essence, the market is not expecting an outsized move through the week, and that makes sense – however, there are still reasons to believe we could see big movement in the AUD, AUS200 and Aussie bank/consumer plays. Having just seen the Aus Q1 CPI print – with the trimmed mean CPI measure coming in below expectations at 6.6% - interest rate futures are pricing just 3bp – or a 12% chance - of a hike at the May RBA meeting. Rates traders hold a high conviction that the cash rate will remain at 3.6%. So naturally if we were to see the RBA hike by 25bp it would be a shock, and the AUD would likely spike 50-70 pips off the bat. It's rare that the market has such a strong view, and the RBA doesn’t ultimately meet the market. If we look further out the interest rate futures ‘curve’ at forward expectations, we see 13bp of hikes priced by September to reach a peak rate of 3.7%. This feels fair, with the market essentially pricing a premium that if we get a hotter Q1 wage price index (17 May), employment report (18 May) and monthly CPI print (31 May) that the RBA may look at massaging the cash rate higher sometime in Q3. There’s obviously a lot that can happen between that time. Given this forward rate pricing, if we do see the RBA leave rates at 3.6% at the May meeting, the market will reconcile the tone of the statement to this forward pricing. It seems likely the statement will be largely unchanged, with the RBA offering the flexibility to hike in the future, again making it clear that they are data dependent. Economists view on the RBA meeting The economist community are more upbeat on the prospect of a hike, and while the consensus of economists polled by Bloomberg sees the cash rate on hold, we still see 7/24 (including CBA) calling for a 25bp. This position is in some way at odds with market pricing. As always when looking at risk we consider positioning – the TFF futures report shows AUD net position held by leveraged traders is modestly short, to the tune of 4092 contracts. Other flow reports from investment banks suggest leveraged funds are long of AUD, while real money funds are holding a sizeable short position. Pepperstone's client positioning is more reflective of sentiment and trend, and we see the net position is skewed long, with 69% of open positions held to capture a move higher. So considering positioning, rate expectations and flows, traders need to weigh up where they see the balance of risk and the probability for a big move in price. I think the RBA pause on rates and offer little new intel in the statement – subsequently, I favour selling rallies on the day in AUD, given any outsized move will be driven by positioning and it should not last long before the AUD takes its variance from USDCNH, the CN50 index and even copper.
Short
by Pepperstone
AUDJPY Sell opportunity on a Double Channel Down pattern.The AUDJPY pair is trading inside Channel Down pattern since the September 13 2022 High that is diverging some (dotted lines) to the 1D MA200 (orange trend-line). At the moment the price is ranged within the 1D MA50 (blue trend-line) and 1W MA100 (red trend-line). Having previously broke below the 1W MA100, the current level is an ideal sell entry and with the 1D RSI showing similarities with with late 2022, we will target 83.450 as a Lower Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
AUDJPY Resumes Lower in 7th Swing of double correctionThe decline from 9.13.2022 high in FX:AUDJPY shows a 5 swing Elliott wave sequence suggesting further downside is likely. Near term, rally from 3.24.2023 low ended in 3 swing at 90.77. We labelled the rally as wave (B) as 1 hour chart below shows. Internal subdivision of the rally from 3.24.2023 low unfolded as a zigzag. Up from there, wave A ended at 90.168 and pullback in wave B ended at 87.59. Wave C higher ended at 90.77 which completed wave (B). Wave (C) lower is now in progress with internal subdivision as a 5 waves. Down from wave (B), wave ((i)) ended at 89.38 and rally in wave ((ii)) ended at 90.05. Down from there, wave (i) ended at 89.7 and rally in wave (ii) ended at 90.02. Pair resumes lower in wave (iii) towards 88.23, and rally in wave (iv) ended at 88.76. Final leg wave (v) ended at 87.91 which completed wave ((iii)). Wave ((iv)) rally ended at 88.478. Final leg wave ((v)) ended at 87.85 which completed wave 1. Wave 2 rally is now in progress to correct cycle from 4.20.2023 high in 3, 7, or 11 swing before the decline resumes. Near term, as far as pivot at 90.77 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
by Elliottwave-Forecast