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Audjpyforecast

Reversal of AUDJPY noted AUDJPY has caught our attention of a potential reversal pattern after reaching 89.08 on 6 Jan 2018. This pair has been on a strong uptrend in the near-term from the last low at 84.35 on 27 November 2017. Investors like you may be wondering this pair's movement in the following week. From a technical outlook, the last two candles of this pair are bearish. It seems to suggest that there is a potential retracement to the downside. Based on our forecast, if the pair continues to retrace, we are watching several levels. The first level will be 88.00 which is an important key psychological level. However, if this level does not provide any support, the pair could potentially 87.30 as the next level of support, followed by 86.70 as the third level of support. We will be watching these levels to determine if the uptrend since 27 November 2017 will resume. Good trading NinjaSingapore 9 Jan 2018 DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment. Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
by NinjaSingapore
2
AUDJPY Bollinger Band Spike, New Downtrend PossibleHi traders, I have my trade on break-even after we moved lower once the 1H candle closed (my entry is at the first spike, green candle) and now I am anticipating a break of the support area marked in orange. Once this breaks, I will lock in some profits and very likely add to a 2nd position, depending how everything forms. Be aware that trading Bollinger Band spikes require many rules and putting to break-even usually should not take longer than one candle after it went into your predicted direction. For more information simple head to my Telegram group which is free to join. t.me (This is not a trade recommendation!)
Short
by MyChildTradesBetterThanYou
AUDJPY Quick reversal to the downside after support breakHi traders, Bollinger Band Spikes give me the best trades but even if we have multiple spikes here, they are not valid for me. I look at the price action, the angle of the spike, previous support/resistance areas and so on. Taking every Bollinger Band spike blindly will get you in a lot of trouble. We also see a slight RSI Divergence. In this chart, I am waiting for a clean break to the downside, breaking the support area, then entering after the candle has closed. (This is not a trade recommendation!)
Short
by MyChildTradesBetterThanYou
AUDJPY right on support, remain bullishBuy above 81.90. Stop loss at 81.67. Take profit at 82.90. Reason for the trading strategy (technically): Price has once again dropped to our support level. We remain bullish above major support at 81.90 (Fibonacci extension, horizontal swing low support, bullish divergence) and we expect a strong bounce above this level to at least 82.90 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing strong support above the 8% level and also sees bullish divergence vs price signalling that a bounce is impending. Correlation analysis: We’re expecting overall JPY weakness with bounces expected on AUDJPY, USDJPY and EURJPY. Hence this falls very nicely into a correlated move.
Long
by MEX_Exchange
AU-Yen*pun intended* With the continuing decline of the Aussie despite the higher ups of commodities, the pair has been struggling to push to the upside against a safe-haven currency. The same is occurring with AUDCHF considering that the Swiss Franc is also a safe-haven currency. Last trading session, the AUDJPY pair formed an inside pin bar which may suggest a further decline of the pair. The weakness of the Aussie can also be seen on several pairs except AUDUSD due to the huge sell-off of the Dollar.
Short
by bearvsbullmarket