AUDJPY on bearish momentum! | 7th Feb 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our sell entry at 82.097 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension towards our Take Profit at 81.291 in line with 50% Fibonacci retracement. Our bearish bias is further supported by the death cross and also RSI being at levels where dips occurred originally.
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Aud-jpy
AUDJPY 4hour Analysis February 6th, 2022AUDJPY Bullish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are looking bullish here on the 4hour as we saw a recent break of our 81.500 resistance.
From where we are now we need to see a few confirmations before we can enter long. Look for strong bullish conviction candles off our new 81.500 support levels.
Trade scenario 2: For us to consider AJ bearish we would need to see a break of 81.500 again with a lower high below.
AUDJPY potential for bullish momentum! | 4th Feb 2022Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our buy entry at 81.880 in line with 38.2% Fibonacci retracement towards our Take Profit at 82.905 in line with 61.8% Fibonacci retracement. RSI is showing bullish momentum.
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AUDJPY further bearish momentum! | 31st Jan 2022Prices are on bearish momentum and abiding by our bearish trendline. We see the potential for a dip from our sell entry at 81.818 in line with 100% Fibonacci extension towards our Take Profit at 80.446 in line with 100% Fibonacci retracement. Technical indicators are showing bearish momentum.
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AUDJPY short-term bullish momentum | 31st Jan 2022Price is abiding to the descending channel, signifying an overall bearish momentum. However, we can expect a short-term bullish momentum as pivot closed above 23.6% Fibonacci retracement. We can expect price to pusher up from pivot level to take profit level in line with graphical overlap resistance and 127.2% Fibonacci projection. Our short-term bullish bias is further supported by the stochastic indicator where the %D line is at the support level.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY 4hour Analysis January 30th, 2022AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: AJ is currently in a strong bearish channel and looks like it’s going to continue within this channel for a little while longer.
Ideally, we can spot a lower high just below 81.500 resistance then we can follow price action down toward lower support levels.
Trade scenario 2: If we see a bullish break of 81.500 resistance, look for a higher low above before considering buy opportunities.
AUDJPY back to the 80? 🦐AUDJPY on the daily chart is testing a daily support.
The price after the recent high around the 86 area created a double top and shifted momentum froma bullish to a bearsih one dropping to the confluence support zone at the 79 area.
By looking at the chart we can see that there is a possibily of a lower wave with a lower high lower low formation and IF the market will break and close below the daily structure we can set according to Plancton's strategy a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDJPY Triangle expected to break downwards targeting 75.110.AUDJPY has been consolidating over the past year trading within a wide Triangle, with the 1D MA100 (green trend-line) acting as the pivot. The 1W MA100 (red trend-line) has been the long-term Support since the early November 2020 bullish break-out.
Last time we saw such a wide Triangle after a multi-year rally, was from mid 2017 to early 2018. On that pattern, the Triangle broke downwards and inside a year hit both the 1.5 and 2.0 Fibonacci extensions of the last Higher Low of the Triangle. Currently those are at 75.110 and 71.400.
The most optimal strategy on this pair would be to keep an eye on the 1D MA100, below which the price is trading now. As long as it's not recovered, there will be more selling pressure towards the bottom (Higher Lows trend-line) of the pattern. If that breaks, accelerate on your selling and target 75.110.
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AUDJPY Further bearish continuation | 28th Jan 2022Prices are on bearish momentum and abiding to our descending channel. We see the potential for a drip from our sell entry at 81.202 in line with 50% Fibonacci retracement and 23.6% Fibonacci retracement towards our Take Profit at 78.6% Fibonacci extension. Prices are trading below our Ichimoku cloud resistance and also RSI are at levels where dips previously occurred, further supporting our bearish bias.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDJPY 4hour Analysis January 23rd, 2022AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are very bearish here on AJ but price action is sitting right at support near 81.500.
Price action will most likely bounce from support to form the next lower high in the channel. Look for short opportunities near 82.400 after a confirmed lower high.
Trade scenario 2: If price action continues falling look for a significant break of 81.500 with a lower high below.
Possible trend shift in AUDJPY – going shortSignal ID: 79121
Time Issued: Friday, 21 January 2022 02:00:15 GMT
Status: open
Entry: 81.722 - 82.116
Limit: N/A
Stop Loss: 82.705
The Tidal Shift Strategy has just sold AUDUSD at 0.71984. The system recommends entering this trade at any price between 0.71827 and 0.72141. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.20641, which suggests that the AUDUSD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00126, so the stop loss has been set at 0.72612. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
Breakout Identified in AUDJPY | 18th Jan Signal ID: 79081
Time Issued: Tuesday, 18 January 2022 01:53:15 GMT
Status: open
Entry: 82.647 - 82.924
Limit: 83.461
Stop Loss: 82.430
The Breakout Opportunities system has just bought AUDJPY at 82.745. The system recommends entering this trade at any price between 82.647 and 82.924. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.298, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour low of 82.353 and a profit target has been set at the 1 Day ATR level at 83.461. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
AUDJPY potential for further uptrend | 17th JanPrice has recently broken out of the ascending trendline and near buy entry price of 82.105 which is also 78.6% Fibonacci projection . Price can potentially go to the take profit level of 83.383 which is also 78.6% Fibonacci retracement and 100% Fibonacci projection . Our bullish bias is supported by the stochastic indicator as is near support level .
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website