AUDJPY H1At the bottom of the chart appears the true value of the AUD and the true value of the JPY.
Since July 11th,
The AUD has been LOSING value
+
The JPY has been GAINING value.
= AUD against JPY has been trending.
AUDJPY trade ideas
AUDJPY: ITF CURVE ANALYSIS (1D) - (DOWNTREND)CONSERVATIVE -SL @ 109.70
SLO1 @ 109.11 ⏳
AGGRESSIVE -SL @ 108.60
MO @ 108.45 - TRIGGERED
SSO1 @ 108.301 ⏳
SSO2 @ 108.131 ⏳
SSO3 @ 107.917 ⏳
TP1 @ 105.646
TP1a @ 103.50 (secret TP)
TP2 @ 102.331
TP3 @ 100.158
BLO1 @ 99.637⏳ (SET PRICE ALERT)
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
MO = MARKET ORDER
SL = STOP LOSS
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
DISCLAIMER/NOTE: THIS IS NOT FOR EVERYONE! I'm posting to test my own trading abilities/skills and to have accountability. Plus I want to see it work out (& want you to see it as well). As you can see, I have an aggressive negative stop loss (-SL) and a conservative -SL for my SLO. Proper position sizing will make this trade a good opportunity if my analysis is correct. The R:R is enormous on this one, no matter which one works out..... let's see what happens.
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
AUD JPY heading to strong support?Hi Guys,
All the .../ YEN pairs have had massive selloffs recently. It seemed like just press sell button over last two weeks and you make money, quite the inverse of the last few months.
AUD / JPY was one of the pairs that went on a massive bull run from May this year and is currently heading towards a possible strong support area where it took off last time around.
The highlighted yellow box with the thick black line is that zone and it contains an unmitigated daily order block (19 April red hammer candle) from which we may see a strong bounce.The thick black line is the 1.618 retrace from the recent high (point B) to the order block zone (Point C) of the daily support that was not respected at all (Point A). Most of the other YEN pairs actually tested similar zones around MAY this year and we know what happened from there. AUD/JPY did not retrace as much from the APRIL high and left this order block untested. The big players likely have orders to fill here. With the selling pressure being so intense up to this point it will be interesting to see if it is respected, although in saying that, big moves come from exactly this type of price action heading into order block zones.
The 200 DMA is hovering around this zone as is an important AVWAP from July 23 lows. Possible scenario could be an undercut of the 200DMA and reclaim of that before moving up. Daily RSI is deeply oversold (levels not seen for a while for this pair).Lower timeframe setups using candlestick pattern, chart pattern, CHOCH BOS etc could present with nice risk to reward trade with stop loss being just under order block zone.
Safe trading all
Potential Bullish Trend for AUD/JPY: Support Level CrucialHello Everyone,
There has been a significant drop in AUD/JPY, surpassing our previous targets for this currency pair. The bullish outlook now looks increasingly appealing. However, this view will only be validated if the daily support level remains intact.
TradeWithTheTrend3344
AUD/JPY the most oversold since the pandemic plungeYou don’t see unwinds of Japanese yen carry trades like we’re seeing right now outside of crisis periods. It doesn’t feel like we’re in a crisis, making me wonder just how long the current bearish move will last?
AUD/JPY has been among largest casualties, hammered lower by a combination of China pessimism, large declines on Wall Street and narrowing yield differentials between the United States and Japan.
I discussed a short setup in AUD/JPY yesterday, but such has the speed of the unwind been it’s nearly reached the target after falling more than 150 points, extending the decline from the recent peak to over eight big figures.
While I think there’s more downside to come, it’s rare for such a liquid FX pair to so sharply in one direction for a sustained period. Even during my time on the desk during the height of the GFC, we saw massive countertrend rallies during what ended up being the largest carry trade unwind on record.
As such, when the market provides the signal, I’m positioning for a bounce with the help of long-running uptrend support which is located just 40 pips below where AUD/JPY currently trades.
Should it hold, or if the market is unwilling to test it in early Asian trade, buying with a tight stop around 100.60 is one setup, allowing traders to target a push back towards horizontal support at 102.64.
To put in context just how oversold AUD/JPY is, on RSI (14), you have to go back to the initial panic at the start of the pandemic to find a similar reading.
DS
AUDJPY BullishAUDJPY has formed bullish divergence which indicates possible trend reversal. Therefore, we have placed a buy stop order above the last lower high. If price actions breaks above the entry point we can assume that trend reversal has begun. The sentiment is also 99% bullish.
DCF Bets: AUD-5/JPY+7Today's market presents an opportunity for a short bet on AUD-5/JPY+7 with a risk-to-reward ratio of 1:1 or better. I've set a limit order at the beginning of AUD's supply zone, which will expire by the end of the day at 23:00 GMT+2. My total risk for this trade is ≈5%.
Long AUDJPY: A Calculated Move Based on Robust Market AnalysisGoing Long on AUDJPY
Going long on the AUDJPY pair means that you expect the Australian Dollar (AUD) to rise in value against the Japanese Yen (JPY). Here are some reasons why you might consider this position:
Economic Strength of Australia: If Australia's economy is performing well, this could strengthen the AUD. Factors to consider include GDP growth, employment rates, and commodity exports, as Australia is a significant exporter of resources like iron ore and coal.
Interest Rate Differential: The interest rate set by the Reserve Bank of Australia (RBA) compared to the Bank of Japan's (BOJ) rate can influence this pair. If the RBA's rate is higher, it could attract investors to the AUD for higher returns.
Risk Sentiment: The AUD is often seen as a riskier currency, while the JPY is seen as a safe-haven currency. If market sentiment is positive and risk-taking is high, this could lead to an increase in the AUD's value.
Japanese Economic Performance: If Japan's economy is underperforming or if there is significant deflation, the JPY could weaken, making it cheaper to buy with the AUD.
Trade Relations: Australia and Japan have strong trade relations. If these are improving, it could lead to an increase in the AUD's value.
Remember, these are just potential reasons. Actual market conditions can vary, and it's important to do thorough research and consider getting advice from a financial advisor before making any trading decisions.
AUDJPY Scalp Buys$OANDA:AUDJPY. Okay NOW scalp buys are of interest.
Again, we are VERY bearish and may want to take the Weekly Liquidity Low before price thinks of retracing
AUD/JPY looks terrible but beware getting overly bearishAUD/JPY has looked terrible since breaking the uptrend established in April earlier this month, slicing through a series of supports and the important 50-day moving average. Souring sentiment regarding China’s economic outlook has been a major factor behind the unwind, combining with narrowing yield differentials between the United States and Japan, along with weakness in global equities, to hammer AUD/JPY lower.
AUD/JPY now finds itself testing horizontal support at 102.64, the last visible level on the charts before a potential retest of major uptrend support dating back to March 2023. That’s currently found at 100.75. Momentum is with the bears, with RSI yet to break its downtrend while MACD continues to signal downside risks.
The only thing making me hesitant to short is AUD/JPY is now oversold on RSI (14). And when you look back at other recent episodes when the pair has been this oversold, its often coincided with a near-term market bottom. As such, I’m waiting for the price action to tell me what to do.
If support fails, sell a clean break of 1.0264 with a tight stop above the level for protection. The initial target would be the major uptrend around 100.75. Alternatively, should support hold, buy with a tight stop below 1.0264 for protection. 104 is one potential target with 104.95 after that.
DS
Potential bullish bounce?AUD/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which is also a pullback resistance.
Pivot: 102.64
1st Support: 101.59
1st Resistance: 103.88
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AUD/JPY Approaches June LowAUD/JPY approaches the June low (102.62) after closing below the 50-Day SMA (101.40) for the first time since March.
AUD/JPY Rate Outlook
Keep in mind, the selloff in AUD/JPY emerged following the failed attempt to test the 1991 high (109.70), with the decline in the exchange rate pulling the Relative Strength Index (RSI) back from overbought territory.
The RSI may show the bearish momentum gathering pace as it slips below 30 for the first time since March 2023, with a breach below the June low (102.62) raising the scope for a move towards 102.40 (50% Fibonacci retracement).
Next area of interest comes in around 100.80 (61.8% Fibonacci retracement) to 100.90 (78.6% Fibonacci extension) but AUD/JPY may attempt to retrace the decline from the start of the week should it defends the June low (102.62).
Need a close above the 103.40 (100% Fibonacci extension) to 104.10 (38.2% Fibonacci retracement) region to bring the 105.50 (50% Fibonacci extension) to 106.10 (23.6% Fibonacci retracement) area back on the radar, with the next hurdle coming in around the 2007 high (107.82).
--- Written by David Song, Strategist at FOREX.com
AUDJPY trade ideaAUDJPY has been bearish and currently still continues to respect structure. same as the previous trade, there is a break below a support and a retest. looking for a continuation to the downside
AUDJPY: Bearish Setup on Pullback to Key LevelsTechnical Analysis:
Weekly Chart: Last week's bearish continuation candlestick suggests that the bears are still in charge, indicating a potential move towards the weekly horizontal level around 102.97/61.
Daily Chart: The previous day's bearish continuation candlestick with a lower low and lower close supports the bearish outlook.
4-Hour Chart: For a short position, I'm looking for a pullback to a key horizontal level around 104.52/68.
Sell Limit Entry: 104.52/68
Stop Loss: Above 104.90
Target: 102.97/61
Fundamental Analysis:
There’s not much happening with AUD except for the Flash Manufacturing PMI on Wednesday, July 24th. The Yen has gained ahead of the BoJ's policy meeting next week. Some BoJ officials are considering raising interest rates at the July meeting, though sluggish consumer spending complicates their decision.
AUSSIE YEN FALLS TO SUPPORT!!!Price has fallen to support at 103.754
Are we likely to see a buy activities resume from that level?
We plan to go bullish from the support level since there’s limited supply.
I anticipate bullish price action to develop away from that level
AUD_JPY BEARISH BREAKOUT|SHORT|
✅AUD_JPY is trading in
A local downtrend and the
Pair made a bearish breakout
Of the key horizontal level
Of 105.000 which is now a
Resistance, so we are bearish
Biased and we will be
Expecting a further move down
SHORT🔥
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Audjpy remains Bearish Audjpy on my tf 4hr awaited till it choch @106.531 i relay mostly on Fvg and ranges when the price retraced and retried @ 105.736 I placed a sell order targeting 2nd tp for aggressive traders @ 104.753 still bearish hope my idea will bear fruits and I hope it will help someone out there am not so much in typing of ideas in this platform
USDJPY trade ideaUSDJPY still on a downtrend. After breaking structure and below a support zone it gave us a retest and a double top confirming a rejection. Confirmed sell
AJ Yearly Swing - SHORTSAnyone buying AJ way up here is completely insane. (Unless you scalp buying)
We are looking severely bearish. Like market collapse bearish....
We have a YEARLY and MONTHLY bearish Reversal Pattern.
This is a very high timeframe. We may hangout up here until next year OR we could see a Weekly / Daily Reversal Pattern and Down we go from there.
Either way, I'm only interested in Shorts (on all JPY pairs)
AUDJPY: Important Bearish BreakoutAUDJPY is currently trading within a large expanding falling wedge pattern on the 4-hour chart.
Following a test of the upper boundary of the wedge, the price dropped significantly and broke through a strong horizontal support today.
It is likely that we will see a bearish movement towards the 103.63 level at this point.
AUD/JPY The Pair is in an ascending channel which it has broken and it is currently correction on the lower time frame .
DCF Bets: AUD-5/JPY+7 Good morning, traders!
Today's market presents an opportunity for a short bet on AUD-5/JPY+7 with a risk-to-reward ratio of 1:1 or better. I've set a limit order at the beginning of AUD's supply zone, which will expire by the end of the day at 23:00 GMT+2. My total risk for this trade is ≈5%.
