AUDJPY - WILL CONTINUE TO FOLLOW THE MARKET SENTIMENT ??- From now on AUD can behave according to the MARKET SENTIMENT this week. The reason for this is that apart from yesterday's RBA MEETING, there is no significant ECONOMIC INDICATOR NEWS today. The same goes for JPY. So most likely AUDJPY will start following the current market SENTIMENT and COMMODITIES PRICES. So if a JPY WEAKNESS comes further it can continue to be AUDJPY BUY.
- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. 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.
- AUD FEATURE is a bit UP after the RBA MEETING yesterday. And then it's PULLBACK again. AUD FEATURE stands at 0.7577 LEVEL. JXY is currently down a bit. That is why XXXJPY CURRENCIES BUY is happening at this time. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. Priced above AUDJPY DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX is getting a bit UP. Also COMMODITIES are now showing a DOWN SIDE BIAS. There is a NEUTRAL BIAS currently on the market. But because of VIX UP, EQUITIES DOWN, COMMODITIES DOWN the MARKET RISK is OFF.
- You can go to 96.00 LEVEL before the AUDJPY PRICE is DOWN. Then you can DOWN to 89.97 LEVEL. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is becoming UP. So if you DAY TRADE to get AUDJPY BUY ENTRY from VOLATILITY RED. Pay more attention to the TREND LINE BREAKOUT. Then we can go to SELL TRADES.
