AUDJPY reversed from resistance, potential drop!
AUDJPY reversed off its resistance at 72.359 where it could potentially drop further to 71.050.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Audjpysell
AUDJPY approaching resistance, look out for potential reversal!
AUDJPY is approaching its resistance at 72.056 where it is could reverse down to 71.050.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY reversed from resistance, potential drop!
AUDJPY reversed off its resistance at 73.150 where it could potentially drop further to 72.365.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY approaching support, potential for a further rise!
AUDJPY approaching support at 72.365 where it could potentially rise further to 73.150.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY approaching support, potential for a bounce!
AUDJPY is expected to drop to 1st support at 72.107 where it could potentially react off and up to 1st resistance at 73.240.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDJPY approaching support, potential for a bounce!
AUDJPY is expected to drop to 1st support at 72.107 where it could potentially react off and up to 1st resistance at 73.109.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDJPY approaching support, potential for a bounce!
AUDJPY is expected to drop to 1st support at 72.365 where it could potentially react off and up to 1st resistance at 73.810.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
AUDJPY bearish, chances of rate cuts by RBA|Fundamental AnalysisDue to the ongoing trade war, AUD is overall bearish this week. This may result in rate cuts by RBA tomorrow which will weaken the AUD even more.
JPY, on the other hand, tends to benefit from the ongoing trade war and will remain the safe-haven currency.
We can also see a triangle pattern and consolidation on the pair which may lead to an even bigger fall.
AUDJPY Fundamental Analysis – September 2nd 2019Here are the key factors to keep in mind today for Australian Dollar trades:
Australian AiG Performance of Manufacturing Index: The Australian AiG Performance of Manufacturing Index for August was reported at 53.1. Forex traders can compare this to the Australian AiG Performance of Manufacturing Index for July which was reported at 51.3.
Australian CBA Manufacturing PMI: The Final Australian CBA Manufacturing PMI for August was reported at 50.9. Economists predicted a figure of 51.4. Forex traders can compare this to the previous Australian CBA Manufacturing PMI for August which was reported at 51.6.
Australian CoreLogic House Prices: Australian CoreLogic House Prices for August increased by 1.0% monthly. Forex traders can compare this to Australian CoreLogic House Prices for July which increased by 0.1% monthly.
Australian TD Securities Inflation: Australian TD Securities Inflation for August was reported flat at 0.0% monthly and increased by 1.4% annualized. Forex traders can compare this to Australian TD Securities Inflation for July which increased by 0.3% monthly and by 1.8% annualized.
Australian Consumer Inflation Expectations: Australian Consumer Inflation Expectations for September increased by 3.2% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for August which increased by 3.5% annualized.
Australian Inventories and Company Operating Profits: Australian Inventories for the second-quarter decreased by 0.9% quarterly and Australian Company Operating Profits increased by 4.5% quarterly. Economists predicted an increase of 0.2% and of 2.0%. Forex traders can compare this to Australian Inventories for the first-quarter which increased by 0.7% quarterly and to Australian Company Operating Profits which increased by 1.7% quarterly. Company Pre-Tax Profits for the second-quarter decreased by 0.3% quarterly. Forex traders can compare this to Company Pre-Tax Profits for the first-quarter which increased by 2.0% quarterly.
Australian ANZ Job Advertisements: Australian ANZ Job Advertisements for August decreased by 2.8% monthly. Forex traders can compare this to Australian ANZ Job Advertisements for July which increased by 0.8% monthly.
Chinese Caixin Manufacturing PMI: The Chinese Caixin Manufacturing PMI for August was reported at 50.4. Economists predicted a figure of 49.8. Forex traders can compare this to the Chinese Caixin Manufacturing PMI for July which was reported at 49.9.
Australian RBA Commodity Index: The Australian RBA Commodity Index for August increased by 6.2% annualized. Forex traders can compare this to the Australian RBA Commodity Index for July which increased by 15.0% annualized.
Here are the key factors to keep in mind today for Japanese Yen trades:
Japanese Company Profits and Japanese Company Sales: Japanese Company Profits for the second-quarter decreased by 12.0% annualized and Japanese Company Sales increased by 0.4% annualized. Forex traders can compare this to Japanese Company Profits for the first-quarter which increased by 10.3% annualized and to Japanese Company Sales which increased by 3.0% annualized. Japanese Capital Spending for the second-quarter increased by 1.9% annualized and Japanese Capital Spending excluding Software decreased by 1.7% annualized. Forex traders can compare this to Japanese Capital Spending for the first-quarter which increased by 6.1% annualized and to Japanese Capital Spending excluding Software which increased by 6.9% annualized.
Japanese Manufacturing PMI: The Final Japanese Manufacturing PMI for August was reported at 49.3. Forex traders can compare this to the previous Japanese Manufacturing PMI August which was reported at 49.5.
Japanese Vehicle Sales: Japanese Vehicle Sales for August increased by 4.0% annualized. Forex traders can compare this to Japanese Vehicle Sales for July which increased by 6.7% annualized.
Should price action for the AUDJPY remain inside the or breakout above the 71.100 to 71.800 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 71.450
Take Profit Zone: 73.900– 74.400
Stop Loss Level: 70.750
Should price action for the AUDJPY breakdown below 71.100 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 70.750
Take Profit Zone: 69.600 – 69.950
Stop Loss Level: 71.100