AUD/JPY BEARS WILL DOMINATE THE MARKET|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 95.165 level.
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AUDJPY
AUDJPY Shooort!Following the pullback last week after a massive bearish momentum, I anticipate that the momentum will continue, as the price rebounded to the 0.236 fib level at . My target will be to retest the 0.382 fib level at 90.6, so as to also cover the liquidity grab / gap that was left earlier on.
Entry will be at 96.00, TP at 90.5 and SL at 97.5.
AUDJPY Is Bearish! Short!
Here is our detailed technical review for AUDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 96.359.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 95.678 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUDJPY: Consolidation phase approaching the trendHey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 97 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 97 support and resistance area.
Trade safe, Joe.
AUDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 94.900 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 94.900 support and resistance area.
Trade safe, Joe.
AUD/JPY Crushed by Carry Trade UnwindAUD/JPY is the quintessential "carry trade" pair among the majors given Australia's clear link to global growth and Japan's persistent near-zero interest rates.
After a strong start to the year, the pair has dropped over -1100 pips (-10%) in just the last 3 weeks along, underscoring the risk with crowded carry trades. A near-term bounce is possible, but with the BOJ starting to raise interest rates, it's unlikely we'll see the same level of enthusiasm for AUD/JPY longs any time soon.
-MW
AUD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
We are going short on the AUD/JPY with the target of 105.603 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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Beginning of the AJ Bull's END?!Here I have AUD/JPY on the Daily Chart!
Beginning in March of 2020 to what seems to be the new High @ 109.372 in July of 2024, we have seen the end of the 5th Wave of Elliot's Impulse Wave!
With Prices steep decline to the new LOWER LOW @ 99.209, knocking out the Low of June and Testing the Low of May, these are the conditions needed for what could potentially turn into a Correction Wave!!!
The Sellings have BEGUN!
-You can see that the RSI after this enormous drop in price Breaking Lows ( Structure) is now operating under the 50 mark & Oversold!
-The BB Trend is now printing Red Bars showing signs of Bears in the vicinity!
Where might Price go??
-If 99.209 is our True Lower Low we will be working with, I suspect price will make a STRONG retracement!
*Potential Retracement Levels*
( 103.091 - 103.691 ) - Golden Zone
( 104.291 - 105.490 ) - 50% / 38.2%
-Fundamentals-
*Uncertainty of BOJ decision mixed with the suspected COOLING of inflation on AUD may be just the catalyst we need to see this pull off!
AUD - CPI q/q & y/y - Tuesday, July 30th
JPY - BOJ Policy Rate - Tuesday, July 30th
Weekend Analysis Round Up- EUR/USD, AUD/JPY, DOGEHey Everyone!! Here is my Weekend Analysis Round Up for Market Open!!
1) EUR/USD - Head & Shoulders Pattern w/Potential Bearish Wedge as Continuation Confirmation!!
2) AUD/JPY - Possible Correction Wave based off new LOWER LOW!
3) Doge - Stuck in a Pennant?!
AUD/JPY Buy Trade OpportunityAttention Traders!
Here's an exciting trade setup for the AUD/JPY currency pair. This opportunity involves a buy trade with a well-defined entry range and profit targets to maximize your potential gains.
Trade Details:
Buy Range: Enter the trade when the price is between 105.40 and 105.50
Profit Targets:
First Target: 107 Set this as your initial level to take some profits.
Second Target: 107.50 Aim for this level to maximize your returns.
Key Points to Consider:
Entry: Ensure you enter the trade within the specified range of 105.40 to 105.50 to optimize your potential profits.
Profit-Taking Strategy: Setting two profit targets allows for effective risk management and maximized gains. Close part of your position at 107 to secure initial profits and aim for 107.50 for additional gains.
Risk Management: Always consider your risk tolerance and use appropriate stop-loss orders to protect your investment in case the market moves against your position.
This structured approach ensures you have a clear plan for entering and exiting the trade, balancing potential profits with effective risk management.
Happy Trading!
AUDJPY Potentially bearishOANDA:AUDJPY had a cool bullish run on the H4. Looking at it from the TA angle, we have seen a sharp drop around the daily key resistance area plus we have seen some shift with the new lower highs and lower lows gradually setting in. #AUDJPY just might drop to the 104.639 area.
Potential bullish bounce?AUD/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which is also a pullback resistance.
Pivot: 102.64
1st Support: 101.59
1st Resistance: 103.88
Risk Warning:
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