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AUD/JPY - To repeat the breakdown of 2007/2008? Time will tell!Summary: All signs are pointing to a significant breakdown in the AUD/JPY... Commodity currencies are under extreme pressure due to a global slowdown and suppressed commodity prices. In an extremely volatile and high risk market, investors will fly back into the Yen as a safe haven and dump commodity currencies. We also have upcoming rate cuts coming out of the RBA, as well as a housing bubble that is soon to pop. The crash in the Shanghai Index as well as slow growth out of China will put further pressure on the Australian Dollar. Technicals: We have broken a significant 7 year trend-line on the Quarterly + Monthly Charts indicating upcoming bearish pressure We are also resting within the 200/250 EMA's on the weekly chart. If we break below these EMA's, I believe the AUD/JPY will start to turn. Be on the lookout for a possible EMA Death Cross in the near future Looking at the daily, we are starting to put in lower highs and lower lows which may drive the AUD/JPY lower. This is something I will be keeping an eye on....
Short
by LoneWolfCapital
E-Mini Forex Synopsis in $EUR $JPY $GBP $AUD | #forex $DXY $USDLooking at the majors in e-mini Forex, here is a quick synopsis of potential price action - Black levels are model-based R/S level projection; Colors are TG-Hi/Lo in red and TG-Hix/Lox in purple. $EUR vs. $USD: Expected to lose ground against USD. A hard structure stands at 1.1538 to invalidate this bearish outlook. In opposite, a softer ground at 1.1267 would open floor to bearish targets if breached, defined as: 1 - 1.1026 - 17 FEB 2015 and 2 - 1.0797 - 17 FEB 2015 $GBP vs. $USD: Background geometry raises the expectation of a decline. Using my empirical rule, this WW is likely to seek support at the corresponding level of Point-4 before a rallying could materialize. Point-3 offers a wide or loose layer of bullish resistance whereas Point-1 projects into a much tested level of bullish entrenchment. This alone should offer assurance against a possible interim adverse excursion. $JPY vs. $USD: A soft floor stands at 0.8370 against a potential resistance at 0.8450. Predictive/forecasting model is currently favoring a decline down to 0.8284, representing a solid bottom from which a rallying into higher highs could ensue. $AUD vs. $USD Predictive/forecasting model remains bullish here. Still, a cautionary level comes at 0.7641 to invalidate any enduring bullish outlook. At its antipodal position, a significant resistance level at 0.7865 should open the roof to loftier levels if and once transgressed. In the most proximate position, 0.7912 could offer a temporary relief to bulls, but it would not likely thwart the expected advanced to the predictive/forecasting model targets, which are defined as: 1 - 0.8024 - 17 FEB 2015 and 2 - 0.8183 - 17 FEB 2015 OVERALL: These e-mini Forex pairs offer directional clues and targets that are defined based on a pure technical basis. The underlying geo-political development could impose their own interdictions, as much as their own implied intentions further verified within these charts as they develop. Due the due, refer to reliable sources in inter-market analysis and geopolitical development if you need a broader, more mixed set of data outside of a pure technical statement. Stay tuned, as I will also post these chart in their own thread - See their links below. David Alcindor Predictive Analysis & Forecasting Denver, Colorado - USA ----- Twitter: @4xForecaster Linked-In: David Alcindor ----- .
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by 4xForecaster
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