AUD/JPY (Bat Pattern) 15MPAIR: AUDJPY
TRADE: BAT PATTERN
POSITION: BUY
TIME-FRAME: 15M
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Another intraday trading opportunity here on the AUD/JPY.
Looking at a potential buy with a nice Bat Pattern, that may
complete down at the 886%, which is a nice structure level.
Excited for this potential trade opportunity today.
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Phil C.
Aud-jpy
Dominant Currency Sentiment – Diverging Yields JPY is once again leading to the downside as the growing divergence between US and Japanese yields keeps the currency pressured. Furthermore, Reuters argues that “many investors are betting the yen has further to fall. The latest CFTC data for the week ending April 12 shows net short yen positions are the largest in three and a half years.”
In contrast to JPY and leading to the upside is AUD, with the commodity linked currency supported by the latest RBA meeting minutes, which suggested that the central bank expects a further rise in inflation and therefore expects to raise rates sooner than was initially expected.
Looking ahead today’s economi8c calendar is light on tier one data, keeping the market’s focus on current themes, particularly monetary policy outlooks and their influence on external factors raning from yields to the global economic outlook.
AUDJPY Sell signal on overbought 1D RSIThe AUDJPY pair has given a clear medium-term bearish signal. The 1D RSI got rejected late last month within its multi-year Resistance Zone with the price initially reacting with a pull-back but has since recovered and turned neutral.
Every time that the price hit the 1D RSI Resistance Zone since 2020, it pulled-back to at least the previous Fibonacci level: In June 2020 it pulled-back to the 0.0 Fib from the 0.5 Fib, in February 2021 it pulled-back to the 0.5 and then even 0.0 Fib from the 1.0 Fib. Finally in October 2021 it pulled-back from the 1.0 Fib straight to the 0.0 Fib.
Right now, it is trading on the 1.5 Fibonacci extension level. Naturally we are expecting a pull-back on a two month horizon to the 1.0 Fib at least. A monthly candle closing below it, can even kick-start a deeper correction to the 0.5 Fib. This is a great low risk trade for swing traders.
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AUD/JPY Ascending TriangleThe AUD/JPY is at the yearly high. Having successfully crafted an Ascending Triangle pattern to confirm the presence of buyers in the market amid the peace talk between Russia and Ukraine.
Technically - If the price gives a sound rebound above the 94.00 psychological level, the pair could experience another surge in price and mark 96.55 as the next stop or move further ahead to 2015 high.
AUDJPY Daily Analysis April 10th, 2022AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action on this pair is still very overextended. We’re still looking for a massive pullback to correct this rally and form structure.
Without structure we can’t do much on this pair just yet. Ideally, we see some consolidation followed by a pullback to 88.000 support.
Trade scenario 2: We may have a short position loading up as well but it will be more risky without structure.
Look for a break and retest of 91.000 support with strong bearish candlesticks to enter short on. Look to target lower toward 88.000 support.
AUDJPY I Headed Downward Welcome back! Here's an analysis of this pair!
**AUDJPY- listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDJPY - WILL CONTINUE TO FOLLOW THE MARKET SENTIMENT ??- From now on AUD can behave according to the MARKET SENTIMENT this week. The reason for this is that apart from yesterday's RBA MEETING, there is no significant ECONOMIC INDICATOR NEWS today. The same goes for JPY. So most likely AUDJPY will start following the current market SENTIMENT and COMMODITIES PRICES. So if a JPY WEAKNESS comes further it can continue to be AUDJPY BUY.
- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an understanding of COMMODITIES is a must.
- AUD FEATURE is a bit UP after the RBA MEETING yesterday. And then it's PULLBACK again. AUD FEATURE stands at 0.7577 LEVEL. JXY is currently down a bit. That is why XXXJPY CURRENCIES BUY is happening at this time. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. Priced above AUDJPY DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX is getting a bit UP. Also COMMODITIES are now showing a DOWN SIDE BIAS. There is a NEUTRAL BIAS currently on the market. But because of VIX UP, EQUITIES DOWN, COMMODITIES DOWN the MARKET RISK is OFF.
- You can go to 96.00 LEVEL before the AUDJPY PRICE is DOWN. Then you can DOWN to 89.97 LEVEL. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is becoming UP. So if you DAY TRADE to get AUDJPY BUY ENTRY from VOLATILITY RED. Pay more attention to the TREND LINE BREAKOUT. Then we can go to SELL TRADES.
AUDJPY Daily Analysis April 3rd, 2022AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are looking very bullish here on AJ and nothing here suggests otherwise. We have experienced a very large increase in volume which leaves us lacking structure.
Before we can consider any trade scenarios we need to see a massive pullback with structure.
Trade scenario 2: The other scenario is that price action is not done rallying. It is very likely price action pushes toward 95.000 resistance then present reactions.
⭕️SELL AUDJPY at 90.000❗️⭕️In the picture, you can see the analysis of the Australian dollar against the Japanese yen in one day time(AUDJPY , D1)🔎
🔰The pair has been on a strong uptrend in recent days, and if it is to make a correction it is the best place to sell in the 90,000 range because there is a strong resistance area to which it has reacted twice.🧐
I set the target in the first support range as well as the black uptrend line.👌
I hope this analysis is useful for you💎🌹
Please comment🙂
introduce the channel to your friends 🙏🏻
_______________📈TRADER STREET📉__________________
AUDJPY - WILL CONTINUE TO FOLLOW THE MARKET SENTIMENT ??⛔️ From now on, according to the MARKET SENTIMENT, a DEMAND may come to AUD temporarily this week. Also, there are some positive technical factors to make the MARKET RISK OFF and the JPY slightly STRONG. The reason is that JAPANESE YEN DOWN is very fast right now. So a PULLBACK may come at some point. Today there were RETAIL SALES for AUD. Its teeth were very good.
⛔️ AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an understanding of COMMODITIES is a must.
⛔️ AUD FEATURE is moving a bit at the moment. The main reason for this is that COMMODITIES are becoming UP. AUD FEATURE stands at 0.7507 LEVEL. The JXY is currently slightly UP. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. Priced above AUDJPY DYNAMIC LEVELS.
⛔️ Currently the OVERALL MARKET is RISK ON. Also STOKES are getting a bit RED. But LONDON can be GREEN. VIX is DOWN. Also COMMODITIES are now slowly UP.
⛔️ AUDJPY PRICE can return to 96.00 LEVEL and then REJECT from that LEVEL. NZDJPY also SHORT TERM can be further BUY due to COMMODITIES PRICES UP, VOLATILITY DOWN.
⛔️ AUDJPY PRICE can go to 91.50 LEVEL before UP. Then you can UP to 96.00 LEVEL. Buying AUDJPY is a bit risky if VIX is UP. So wait until VOLATILITY RED and get the AUDJPY BUY ENTRY. Pay more attention to the TREND LINE BREAKOUT.
AUDJPY Daily Analysis March 27th, 2022AUDJPY Neutral idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Clearly we are bullish but to be honest there is not much we can do with this kind of movement.
We need to see clear structure in order to plot a trade scenario so we would need to see a massive pullback then structure before we can do anything.
Trade scenario 2: We could also look for a massive amount of consolidation and wait for bearish structure on the lower timeframes.
This would allow for potential short opportunities on a pullback to 88.000 support.
AUDJPY LongHey traders, in the coming week we are monitoring AUDJPY for a buying opportunity around 91.6 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
💡Don't miss the great BUY opportunity in AUDJPYWe are in an uptrend channel that seems to continue, given the fundamental news about the Australian and New Zealand dollars. I think if you buy from here you can get a very good profit.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
AUDJPY 4hour Analysis March 20th, 2022AUDJPY Bullish idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: To no surprise AJ is super bullish as well. We recently saw AJ break important resistance near 87.000.
From here we’re looking for structure in the form of a higher low closer to 87.000.
Look for strong rejection candles off this level and enter long on confirming setups. Look to target higher toward our next key resistance level.
Trade scenario 2: If we are to consider AJ bearish on this timeframe we need the opposite to happen.
Look for a break back below 87.000 support and consider entering short after we can confirm a lower high below.
AUDJPYHello traders
Here we have a AUDJPY LONG & SHORT
We are expecting bullish momentum due to JPY weakness which will push us up to our main trendline where we are expecting price to reverse from. We will be shorting from this zone.
We can see this pair has been in a impulsive wave upwards for the past week & we are expecting a correction to occur before we continue upwards.
We broken our structure level which is a well respected structure level so we are expecting a retest of this before continuing higher.
We will be using a 30 pip stop loss on both trades to keep our risk:reward ratio low.
Our long entry will achieve 350 pips giving us a RISK:REWARD of 1:7
Our short entry will achieve 300 pips giving us a RISK:REWARD of 1:6
Totalling both entries at 2:13 or 1:6.5
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