AUDJPY trade ideas
AUDJPY Daily: more pain for the roos...The AUD has experienced a hard fall from July last year dropping almost 2000 pips(1931). It managed to recover some losses but could not keep the momentum and went back to a downward move, this time a more smooth one confirming a downtrend continuation. We noticed a false break u on the TL in confluence with the SMA(50) that has been acting as a dynamic Resistance. Yesterday NY closed with a bullish candle but couldn't break the 95.591 previous Support level(from Nov last year). The current candle seems to be an indecision one not showing any power from neither bulls or bears but due the todays news about the 25% US tariff on steel, that will have a negative effect on the Australia economy I believe the aud may continue its path downward targeting the 93.58sh level.
AUDJPY to continue in the downward move?AUDJPY - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 95.25 will confirm the bearish momentum.
The measured move target is 94.50.
We look to Sell at 95.70 (stop at 96.05)
Our profit targets will be 94.70 and 94.50
Resistance: 95.50 / 95.70 / 96.00
Support: 95.25 / 95.00 / 94.50
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AUDJPY Is Going Down! Short!
Here is our detailed technical review for AUDJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 96.297.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 95.036 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Previous week’s red candle means that for us the AUD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 98.666.
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AUDJPY is Holding After Channel BreakoutHello Traders
In This Chart AUDJPY HOURLY Forex Forecast By FOREX PLANET
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AUDJPY SHORT: Caixin Services PMI lower than estimatedChina's January Caixin Services PMI was 51.0 vs. 52.2 in December. This shows a slowing service sector in China. As a result of this economic news release, the Australian dollar is expected to potentially weaken against the Japanese yen. We must remember that China is one of Australia's biggest trading partners, so anything that happens in China will almost always affect the Australian dollar.
AUDJPY My Opinion! BUY!
My dear subscribers,
AUDJPY looks like it will make a good move, and here are the details:
The market is trading on 95.481 pivot level.
Bias - Bullish
My Stop Loss - 94.973
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 96.280
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
resumption of dountrendBased on the pivot point at 97,071, I expect a potential bearish level. If that level is broken, a drop to 91,781 seems like the next potential target based on the analysis. Are you looking at this from a technical analysis perspective, such as using support/resistance or trend lines, or are there any other indicators you factor into your view?
AUD/JPY H4 | Rising into overlap resistanceAUD/JPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 96.78 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 97.60 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 95.64 which is an overlap support.
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