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AUDJPY Weekly Forex Forecast 30 September to 6th OctoberMidterm forecast: While the price is above the support 78.65, beginning of uptrend is expected. We make sure when the resistance at 83.90 breaks. If the support at 78.65 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 80.495 on 2018-03-23 and the trough at 78.68 on 2018-09-07, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. While the RSI support #2 at 50 is not broken, the probability of price decrease would be too low. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 61
by EIP-EverythingIsPlanned
AUD/JPY close to level from whicn we can open long-term Buy AUD/JPY is moving to Key Buy Level 80.49 80.49 it is currently low. FX market respects such levels because most of the traders hide their stops under such levels. Most of the time Market markers move currency rate in such zone for getting enough Volume to move into another direction. I will look for buy if price will make fake broke of key level 80.49 and H1 or H4 close upper It. It is too dangerous to open deal at current price because we need to look how it will react on broke of the key level.
Long
by Yuriy_Bishko
2
AUDJPY Buy on d Wave CorrectionThis pair has corrected and halted at resistance line 80.600, furthermore pair has completed wave a, b and c so that left movement d and e At this stage, the pair will make the movement to complete the wave d pattern so that we see this pair will move to the price. 86.580 and then again corrected downwards completing wave e. If viewed from a lower time frame H4 time frame this movement is quite accurate, so we should enter into the market to make a purchase.
Short
by fXVolume
AUDJPY Right On Major Resistance, Time To SellAUDJPY is testing major resistance and looks poised to drop strongly! Sell below 83.35. Stop loss at 84.02. Take profit at 82.25. Reason for the trading strategy (technically): Price is testing major resistance at 83.35 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance, bearish divergence, descending resistance) and a strong reaction from here would push prices down to major support at 82.25 (Fibonacci retracement, horizontal swing low support, Fibonacci extension). Stochastic (55,5,3) sees major resistance below 96% where a corresponding reaction could occur. We are also seeing bearish divergence vs price signalling that a reversal is impending.
Short
by theforexarmy
AUDJPY testing strong resistance, prepare to sellAUDJPY is seeing multiple strong resistances giving us a good opportunity to sell. Sell below 83.30. Stop loss at 84.27. Take profit at 81.58. Reason for the trading strategy (technically): Price is testing major resistance at 83.30 (Multiple Fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong reaction could occur at this level to push price down to 81.58 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is also seeing major resistance below 88-95% resistance where a corresponding drop could occur.
Short
by MEX_Exchange
1
AUDJPY approaching major resistance, potential drop!AUDJPY is approaching strong resistance at 83.31 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to major support at 81.56 (Fibonacci extension, horizontal swing low support). We do have to be cautious about our intermediate support at 82.12 (Fibonacci retracement, horizontal overlap support) as that level needs to be broken to open a further move down. Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill