AudJpy could rise back to 95 zoneAfter a touch of support in the first trading day of the year, AudJpy strongly reversed with a daily rise of around 300 pips (3%).
This rise stopped in 91 horizontal resistance and the pair started to consolidate gains.
A double bottom pattern could play out soon and this could lead to a break of the descending trend line.
In such an instance the pair could rise further and the next obvious resistance is at 95.
Audjpyanalysis
DeGRAM | AUDJPY sell off AUDJPY made massive sell-off, and now the price is moving down after breaking out of the channel.
The market broke and closed below the psychological level of 89.000.
We will look for selling opportunities because the market is clearly in a downtrend.
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Aud/Jpy Short Trade UpdateHey Guys!
As you guys know, the weekly bias on the aud/jpy was short. Or in other words, price was likely to reach 87.30 before reaching 98.66.
In this post, I explain the reasoning for this bias, as well as an review of the set up.
Have a great day guys!
I'll keep you updated!
Ken
AUDJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on AUDJPY .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish orderblock.
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DeGRAM | AUDJPY opportunity to sellAUDJPY made massive sell off and now price is pulling back.
The market is clearly in downtrend.
Price is trading in the ascending channel , and now it's pulling back to recent resistance.
We will look for selling opportunities because of the pullback within the global bearish trend .
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AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
These days, AUDJPY is becoming somewhat DOW due to MARKET RISK OFF. The reason for that was that the MARKET SENTIMENT was somewhat NEGATIVE with FED UPDATES. The YEILD of JPY 10Y BOND was increased at today's BOJ MEETING. Because of that, XXXJPY CURRENCIES went down 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 has somewhat MARKET RISK OFF. 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. If MARKET RISK continues to be OFF, you can definitely SELL at 85.96 LEVEL. But somehow, after that, AUDJPY may go up to 92.90 LEVEL. Anyway, if JPY becomes WEAK, if the UP SIDE STRUCTURE is BREAK, there is a very good situation to BUY AUDJPY.
To buy AUDJPY, VIX must be DOWN and SNP500 must be UP. Further, the TREND LINE should be BREAK. And COMMODITIES should definitely be UP. We are waiting for the change in the above mentioned MARKETS.
If the dollar is strengthened by the FED, MARKETS RISK should be off. Then after JPY STRONG, AUDJPY can be LONG TERM BUY.
AUDJPY-LONG
-Price will continue previous week bullish trend but wait for price to react to area of entry, please make sure that you use correct risk management.
-Remember trading against the trend may not be suitable for everyone, so if you have any doubt than do not take this setup and wait for price to change its character
A complete AUDJPY formationThe anticipated formation is now a complete pattern, from here we should expect a bullish market. The first tp is at price 93.735. If the market violates our stop order and continue with this bullish momentum, then price shall resume to the upside until 95.772… Let's keep a close eye on this pair...
Diamond Formation on AUDJPY waiting for a breakoutDiamond has formed on AUDJPY.
The previous direction was up, so there is a slight higher chance of the price breaking up.
There are two scenarios that can play technically.
Break up from the pattern and the target is 99.59
Breakdown and the target is 85.75
Now we wait.
AUDJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on AUDJPY .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I have 2 POI, first one I see price to start bearish price action from here as price rejected from bearish orderblock or it could go higher to fill the imbalance and to reject from bearish orderblock around 93.500
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
These days, AUDJPY is slightly UP due to MARKET RISK ON. In recent days, JPY became somewhat STRONG because of the BOJ INTERVENTION and the drop in US INFLATION. Even now, we see that the MARKET has somewhat MARKET RISK OFF. We expect AUDJPY to RETRACE to higher resistance.
Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up, and STOCKS should go down. The dollar should continue to strengthen as it has in recent days. FOMC UPDATE MUST BE HAWKISH FOR THAT. If MARKET RISK continues to be ON again, you can definitely BUY at 95.63 LEVEL. But somehow it may go down to 91.06 LEVEL before going UP. After that, AUDJPY may go up to 95.04 LEVEL. Anyway, if JPY continues to be WEAK, if the UP SIDE STRUCTURE is BREAKED, AUDJPY has a very good situation to BUY.
To buy AUDJPY, VIX must be DOWN and SNP500 must be UP. Further, the TREND LINE should be BREAK. And COMMODITIES should definitely be UP. We are waiting for the change in the above mentioned MARKETS.
If the dollar is strengthened by the FED, MARKETS RISK should be off. Then after JPY STRONG, AUDJPY can be LONG TERM BUY. audjpy
AUDJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | AUDJPY consolidationAUDJPY is trading in a descending channel, with a consolidation at support.
The market is testing the psychological level of 92.000, which is a swing zone as well.
Price action is printing lower lows and lower close, indicating a bearish trend.
We expect further consolidation until a new trend is confirmed .
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