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AUDJPY trade ideas

Why this is currently my favourite pair to trade...AUDJPY is currently my favourite pair to trade due to the Australian Dollar's strength during the summer commodities season, coupled with the Japanese Yen's recent losses. This pair is due to see further gains. The following is my analysis on why I'm bullish on this pair: AUD strength during commodities season - Over 20% of Australia's exports are commodities. If you compare the commodities index (SPGSCI) chart with the Australian Dollar Index (AXY) you will see that both asset classes move in a very similar direction in the mid - long term. Currently Oil prices are expected to continue their gains as we are in the summer months where Oil demand is much higher with a peak expected in September - October. Oil prices have a massive influence the wider commodities prices. As a result, I expect the AUD to maintain stable gains over the next month. JPY weakness and Bank of Japan intervention - The Bank of Japan (BOJ) intervened in the currency markets in 2024 by purchasing Yen to prevent significant losses against the USD. This intervention aimed to stabilise the Yen amidst growing economic pressures and market volatility. Central bank interventions are a short term solution to a long term problem, and the currency usually continues to see losses even after the interventions. We have seen this happen previously when the BOJ intervened in 2022 and Russia when they faced sanctions in 2022 from the war in Ukraine. As a result, I expect JPY to continue its losses. Short term rallies on the Yen will see further opportunity for traders to sell. Risk to consider - The biggest risk with AUDJPY or any currency against the JPY is another BOJ intervention. The BOJ does not release when and at what price they will intervene at. However, once the intervention is complete, prices start to stabilise again before gains continue. Interest rates: Australia Real Interest Rate: 4.35% (Cash Rate) - 3.6% (Inflation Rate) = 0.75 Japan Real Interest Rate: 0.1% (Cash Rate) - 2.8% (Inflation Rate) = -2.7% (Negative Rate) Current interest rate adjusted for inflation is on favour of the AUD (0.75 > -2.7) As AUD rates are higher than Japan's, more money is flowing out of the JPY and into the AUD. Based on this, we can expect AUDJPY to continue moving higher. It's important to know that Japan's inflation rate has been climbing since September 2021. As long as Japan's inflation rate remains high and the interest rate differential is wide, this pair will continue to see gains for at least up until Mid 2025. In summary, I am only looking to buy this pair on intraday plays :)
Long
by TheForexMessiah
AUDJPY Expected Growth! BUY! My dear subscribers, My technical analysis for AUDJPY is below: The price is coiling around a solid key level - 108.32 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 108.41 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Trading Signal: AUDJPY - Buy OpportunityWe have identified a Buy opportunity for the AUDJPY currency pair using the EASY Quantum Ai strategy. Key levels for this trade are as follows: - Enter Price: 107.447 - Take Profit: 107.58666667 - Stop Loss: 107.27266667 Reasons for this trade setup: 1. Technical Analysis: Our analysis has revealed a strong support zone around the 107.447 level. The pair has consistently held this support, indicating a likely uptrend in the short term. 2. Momentum Indicators: Several momentum indicators, including the RSI and MACD, show bullish signals. This suggests that buying pressure is currently prevailing over selling pressure. 3. Fundamental Factors: Recent economic data from Australia, such as robust employment figures and an increase in commodity prices, supports the strength of the AUD. Meanwhile, a stable economic outlook for Japan provides a balanced yet favorable environment for bullish movements. 4. Market Sentiment: Current market sentiment analysis reveals a bullish consensus among traders and investors regarding the AUDJPY pair, which aligns with our buy signal. Risk Management: - We recommend placing a Stop Loss at 107.27266667 to manage downside risk effectively. - Aiming for a Take Profit level at 107.58666667 ensures a favorable risk-reward ratio. This signal is produced using the EASY Quantum Ai strategy, known for its precision and reliability in predicting market movements. Trade safely and always consider your individual risk tolerance.
Long
by ForexRobotEasy
AUD/JPY - Swing idea with Volume ProfileOn AUD/JPY , it's nice to see a strong buying reaction at the price of 104.350. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Strong uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
1
AUDJPY - Trade Signal AlertDirection: Sell Enter Price: 106.131 Take Profit: 105.90366667 Stop Loss: 106.37666667 We have a new trading signal for the AUDJPY currency pair. Our analysis indicates a strong selling opportunity with an entry price of 106.131. The target take profit is set at 105.90366667, and we recommend setting your stop loss at 106.37666667 to protect against adverse market movements. This forecast was generated using the EASY Quantum Ai strategy, which leverages advanced algorithms to analyze market trends, momentum, and various economic indicators. The decision to sell is based on the following key factors: Recent bearish trends observed in the AUDJPY pair indicate a potential downward movement in the near term. Market sentiment analysis suggests increased selling pressure among institutional traders. Technical indicators such as moving averages and RSI are pointing towards a favorable selling condition. Fundamental analysis of economic data from Australia and Japan shows signals strengthening the bearish outlook. Please make sure to act promptly and monitor your trades carefully. Happy trading! Note: Always consider your risk tolerance and trading strategy before entering any trade.
Short
by ForexRobotEasy
AUDJPY Approaching the long-term Sell ZoneThe AUDJPY pair gave us an excellent short-term sell signal last time (May 23, see chart below) but after that broke above the medium-term Channel Up aggressively: We now need to zoom out to the longer term 1W time-frame, where we clearly see the dominant pattern of the pair, which has been a Channel Up since the March 16 2020 (COVID) market bottom. Each Higher High was formed when the 1W RSI started forming a Bearish Divergence on Lower Highs. The 1st Bullish Leg was priced after a +32.90% rise, while the 2nd one at +26.70%. As a result, with the 1W RSI overbought above 70.00 for the 2nd time in 6 weeks, we believe that the pair is approaching its long-term Sell Zone on the Higher Highs region. Its Higher Lows have been priced near or on the 1W MA100 (green trend-line), so we will take this sell opportunity to target 101.000 (expected contact and breach of the 1W MA50 (blue trend-line)). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
JPY remains under selling pressureThe Japanese government is currently enjoying the weaker yen, as it helps boost the economy. However, this is only a short-term solution, as eventually, people's anger about rapidly rising prices might overshadow that government's positivity. #audjpy EASYMARKETS:AUDJPY FX_IDC:AUDJPY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Trade Signal for AUDJPY: Direction - SellSignal Details: - Enter Price: 107.527 - Take Profit: 107.24466667 - Stop Loss: 107.81166667 I recommend a Sell position for the AUDJPY currency pair. This signal is generated using the EASY Quantum Ai strategy, which combines multiple technical indicators and market analysis techniques for precise predictions. Reasons for this Sell Prediction: 1. Technical Indicators: - Recent Moving Averages suggest a bearish trend as shorter-term averages have crossed below longer-term ones. - The Relative Strength Index (RSI) is showing overbought conditions, indicating a potential reversal. 2. Technical Analysis: - The price has recently formed a downward head and shoulders pattern, typically a bearish signal. - There is strong resistance around the 107.81166667 level, making it unlikely for the price to break higher in the short term. 3. Market Sentiment: - Current market sentiment data shows an increase in bearish bets on the AUDJPY. - Geopolitical and economic factors are more favorable to JPY strength over AUD in the immediate term. Please observe the suggested entry, take profit, and stop loss levels carefully, and execute trades accordingly. Always perform your due diligence or consult with a financial advisor before making trading decisions. Happy trading!
Short
by ForexRobotEasy
AUDJPY - Aussie Japan Forex - idea I AudJpy 07/2024 Yearly: Stoch OB but very bullish close. → Resistances ahead: 103-106 (grey box) – 107 (Yearly High) → big wick area from 98-107 ---- Bearish Zone, once yearly closes above its converted. → 107 opens a chapter of Double Topping Quarterly: Bullish Breakout above Triangle. Retesting 107 → showdown area reached → Stochastic OB 96 = some kind of reversal expected → candle closes very bullish above grey area but below 107 – Retest for a drop? Monthly: Bullish close, almost vertical now → 3 Months too much gains without a retest : expected drop from here because we reached a major target → bullish trendline is still intact → 3D TF must be watched for early signs of a double top. Grey box must be broken for bears to take control 3D: Some Triangle formation – breakout can be volatile - bullish trendline is intact so theres no reason to sell at all. It might just break above 107 and continue the bullish party. But they have been extended the party for a long time… time to get some rest? … Will consider long trades ONLY above 107.6. Below bears like me will be happy to start a party… Thanks for reading…
by MeruEU