Audjpyforecast
⁉️ AUDJPY - Market AnalysisHello traders!
⁉️This is my analysis on AUDJPY .
Here we have the same scenario as on EURJPY, price took out sell side liquidity and I expect a retracement to fill the imbalance and to reject from bearish orderblock + institutional big figure 95.000 to continue the sell-off.
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DeGRAM | AUDJPY short opportunityAUDJPY is pullig back after sell off.
Price action is approaching a psychological level at 93.000
We are considering selling if the price rejects that level.
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AUDJPY Sell offMy Bias is to the downside, with 92.7 as my long term target. I've entered 2 positions. I have 3 positions open risking 1.5%. I generally do 1:1, next support and a longer term goal. My SL will be moved to 95.2(previous high once my 1:1 has been completed then of course moved to entry at 94. Let's see how this goes :)
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
Earlier days, AUDJPY was going down a bit due to MARKET RISK OFF. But now we see that the MARKET has somewhat MARKET RISK OFF. We expect AUDJPY to turn DOWN again.
Anyway, its price is moving down in the AUDJPY DOWNSIDE CHANNEL. By BREAKING that CHANNEL, its price may go UP again. After that, if MARKET RISK continues to be OFF, you can definitely SELL at 92.71 LEVEL. For that, MARKET RISK should be OFF. After that it can go up to 96.90 LEVEL. After that, AUDJPY may go down to 89.74 LEVEL.
To SELL AUDJPY, VIX must be UP and SNP500 must be DOWN. And COMMODITIES should definitely be DOWN. We are waiting for the change in the above mentioned MARKETS.
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
Earlier days, AUDJPY was going down a bit due to MARKET RISK OFF. But now we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to bounce back UP.
Anyway, its price is moving down in the AUDJPY DOWNSIDE TRIANGLE. By BREAKING that TRIANGLE PATTERN, its price can go UP again. After that, if MARKET RISK continues to be ON, you can definitely BUY at 96.90 LEVEL. For that, MARKET RISK should be ON.
To buy AUDJPY, VIX must be DOWN and SNP500 must be UP. And COMMODITIES should definitely be UP. We are waiting for the change in the above mentioned MARKETS.
AUDJPY | New perspectiveIt is obvious that the AUDJPY displayed extremely volatility after the announcement of the interest rate policy by the Bank of Japan (BOJ) as the policy stance remain unchanged. From a technical perspective, I am of the opinion that the Yen might decline in the new week considering the long-term bullish strength of the Aussie as we witnessed multiple rejections by the buyers of the 92.500 area (61.8% retracement of the prior leading price action) during last week trading session.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Possible sell opportunity on AUDJPY!The overall trend on this pair is faced to the downside. The pair was trading within a correction for few days and now we see that it has broken below its rising trendline. This can be a sign that bears are breaking out and this could trigger a downside momentum. I have taken short position in this market, my stop loss above the resistance level and I have two targets in mind, 93.509 and 92.235.
If you would like to take this trade with me, be advised to follow your own trading plans and rules.
Otherwise I will be happy if you support my idea with likes if you find it helpful.
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEGATIVE SENTIMENT. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an understanding of COMMODITIES is a must.
- The AUD FEATURE went down a bit last week because the markets continued to RISK OFF. The AUD FEATURE is at 0.7025 LEVEL. JXY is currently down a bit. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. AUDJPY is priced higher than DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly DOWN SIDE Tone. VIX INDEXES UP UP. But they can be UP. Also COMMODITIES now shows a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Monday.
- You can go back to 96.90 LEVEL before the AUDJPY PRICE is down. Then it can be sold at 89.70 LEVEL. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is DOWN. So wait until the VOLATILITY GREEN to buy the AUDJPY SELL BUY after the MORKET has a CORRECTION of around 92.365 LEVEL.
DeGRAM | AUDJPY short opportunityAUDJPY is now in a massively overbought condition.
The next resistance zone is 93.200 - 93.500.
It's a strong and confluent zone to take a short trade because the price needs some pause and retracement.
It can't move move straight up forever.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDJPY | Perspective for the new weekConsidering the long term bullish momentum on this pair, I want to be looking out for buying opportunities in the new week as a breakout/retest of the Key level at 91.000 area shall be a signal for me to buy the Aussie.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.