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AUDJPY trade ideas

AUD/JPY Crushed by Carry Trade UnwindAUD/JPY is the quintessential "carry trade" pair among the majors given Australia's clear link to global growth and Japan's persistent near-zero interest rates. After a strong start to the year, the pair has dropped over -1100 pips (-10%) in just the last 3 weeks along, underscoring the risk with crowded carry trades. A near-term bounce is possible, but with the BOJ starting to raise interest rates, it's unlikely we'll see the same level of enthusiasm for AUD/JPY longs any time soon. -MW
by FOREXcom
AUDJPY shows strength after a price drop of 1200 pipsAUDJPY shows strength after a price drop of 1200 pips The price broke out of a bullish triangle pattern thus increasing the chances of a bullish wave. Tomorrow we have the BOJ decision on interest rates and the market expects the BOJ to raise rates. However, it may not happen as many are already expecting. AUDJPY is showing a clear reversal signal after 1200 pips down. Generally, this upward correction is required in this situaion, as shown in the chart. I will share later a more details analysis on JPY pairs. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
1
Beginning of the AJ Bull's END?!Here I have AUD/JPY on the Daily Chart! Beginning in March of 2020 to what seems to be the new High @ 109.372 in July of 2024, we have seen the end of the 5th Wave of Elliot's Impulse Wave! With Prices steep decline to the new LOWER LOW @ 99.209, knocking out the Low of June and Testing the Low of May, these are the conditions needed for what could potentially turn into a Correction Wave!!! The Sellings have BEGUN! -You can see that the RSI after this enormous drop in price Breaking Lows ( Structure) is now operating under the 50 mark & Oversold! -The BB Trend is now printing Red Bars showing signs of Bears in the vicinity! Where might Price go?? -If 99.209 is our True Lower Low we will be working with, I suspect price will make a STRONG retracement! *Potential Retracement Levels* ( 103.091 - 103.691 ) - Golden Zone ( 104.291 - 105.490 ) - 50% / 38.2% -Fundamentals- *Uncertainty of BOJ decision mixed with the suspected COOLING of inflation on AUD may be just the catalyst we need to see this pull off! AUD - CPI q/q & y/y - Tuesday, July 30th JPY - BOJ Policy Rate - Tuesday, July 30th
Short
by Novi_Fibonacci
AUDJPY FOREX 1H TIME FRAME DATE 7/28/2024Sentiment Analysis (July 27, 2024): Intraday Sentiment: 39% bearish, 61% bullish Daily Sentiment: 13% bearish, 87% bullish Overall Sentiment: The sentiment is strongly bullish, suggesting a favorable outlook for buying opportunities. Upcoming Economic Events and Trading Recommendations: Tuesday, July 30, 2024 03:30 AM ET - Australia Building Permits MoM (Preliminary) Expectation: 0.70% Recommendation: Buy AUD/JPY Wednesday, July 31, 2024 03:30 AM ET - Australia Monthly CPI Indicator & Retail Sales MoM Recommendation: Buy AUD/JPY Thursday, August 01, 2024 01:00 AM ET - Australia Judo Bank Manufacturing PMI Final Expectation: PMI expected at 49.00 Recommendation: Sell AUD/JPY 03:30 AM ET - Australia Balance of Trade (June) Expectation: 8200 Million AUD Recommendation: Buy AUD/JPY Friday, August 02, 2024 03:30 AM ET - Australia PPI QoQ Expectation: Producer Price Inflation expected at 0.60% Recommendation: Buy AUD/JPY Tuesday, July 30, 2024 01:30 AM ET - Japan Unemployment Rate Expectation: 2.70% Recommendation: Sell AUD/JPY Wednesday, July 31, 2024 01:50 AM ET - Japan Retail Sales YoY Expectation: 1.50% Recommendation: Buy AUD/JPY Thursday, August 01, 2024 02:30 AM ET - Japan Jibun Bank Manufacturing PMI Expectation: PMI expected at 51.50 Recommendation: Sell AUD/JPY
Long
by spacedevil
Pattern Review for Ascending Triangle AUD/JPY on 30m.Pattern Formation - Ascending Triangle: The green dotted lines form an ascending triangle pattern, which typically indicates a bullish continuation. The horizontal resistance line is around 108.545, and the rising trendline provides support. - Head and Shoulders: There appears to be a smaller head and shoulders pattern within the ascending triangle, which can indicate a potential bearish reversal if it plays out. Volume Profile Analysis - High Volume Nodes: There is a noticeable high volume around the 108.3 level, suggesting strong buying interest in this area. Price Action Analysis 1. Top Right (1-Month Candle Chart): - Trend: The monthly chart shows an overall uptrend with a series of higher highs and higher lows. - Candlestick Patterns: Recent monthly candles are predominantly green, indicating sustained bullish momentum. 2. Mid Right (2-Week Candle Chart): - Trend: The 2-week chart shows a more detailed view of the uptrend, with recent consolidation near the 108.500 level. - Candlestick Patterns: Mixed candlesticks with both bullish and bearish pressures, but recent candles suggest a bullish bias. 3. Bottom Right (Weekly Candle Chart): - Trend: The weekly chart shows a clear uptrend, with the price consistently making higher lows. - Candlestick Patterns: Recent green candles indicate a continuation of the bullish trend, although with some signs of consolidation. Disclaimer This analysis is provided for informational purposes only and should not be considered financial advice. Trading financial instruments involves risk, and you should perform your own research and analysis before making any investment/trading decisions. Always consult with a professional financial advisor.
Long
by TJalam
AUD/JPY Buy Trade OpportunityAttention Traders! Here's an exciting trade setup for the AUD/JPY currency pair. This opportunity involves a buy trade with a well-defined entry range and profit targets to maximize your potential gains. Trade Details: Buy Range: Enter the trade when the price is between 105.40 and 105.50 Profit Targets: First Target: 107 Set this as your initial level to take some profits. Second Target: 107.50 Aim for this level to maximize your returns. Key Points to Consider: Entry: Ensure you enter the trade within the specified range of 105.40 to 105.50 to optimize your potential profits. Profit-Taking Strategy: Setting two profit targets allows for effective risk management and maximized gains. Close part of your position at 107 to secure initial profits and aim for 107.50 for additional gains. Risk Management: Always consider your risk tolerance and use appropriate stop-loss orders to protect your investment in case the market moves against your position. This structured approach ensures you have a clear plan for entering and exiting the trade, balancing potential profits with effective risk management. Happy Trading!
Long
by FOREX-XONA