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Aud-jpy

AUDJPY is on bearish momentum! | 23 Dec 2021Prices are on bearish momentum and abiding to our bearish trendline . We see the potential for a dip from our sell entry at 82.472 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 81.270 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Technical indicators are showing bearish momentum. 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.
Short
by FXCM
2
AUDJPY is on bearish momentum! | 23 Dec 2021Prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a dip from our sell entry at 82.472 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 81.270 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Technical indicators are showing bearish momentum. 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.
Short
by Rockqet
Possible trend shift in AUDJPY – going long | 22nd DecThe Tidal Shift Strategy has just bought AUDJPY at 81.62. The system recommends entering this trade at any price between 81.468 and 81.773. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.384, which suggests that the AUDJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.122, so the stop loss has been set at 81. 01 . This stop loss order is a trailing stop that will move up as the market moves up. 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.
Long
by FXCM
Possible trend shift in AUDJPY – going long | 22nd Dec Signal ID: 78791 Time Issued: Tuesday, 21 December 2021 20:00:15 GMT Status: open Entry: 81.468 - 81.773 Limit: N/A Stop Loss: 81.010 The Tidal Shift Strategy has just bought AUDJPY at 81.62. The system recommends entering this trade at any price between 81.468 and 81.773. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.384, which suggests that the AUDJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.122, so the stop loss has been set at 81.01. This stop loss order is a trailing stop that will move up as the market moves up. 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.
Long
by Rockqet
AUD JPY - FUNDAMENTAL DRIVERSAUD FUNDAMENTAL BIAS: NEUTRAL 1. Monetary Policy In Dec the RBA kept rates at 0.10% and weekly bond purchases at A$4bln until mid-Feb, as expected. They reiterated that they are committed to maintaining highly supportive monetary conditions and won’t raise rates until actual inflation is sustainably within their 2%-3% target range. They noted that the economy is recovering from the Delta slowdown and is expected to return to pre-Delta path in 1H22. The positive take away from the meeting was that the Omicron variant is not expected to derail the recovery. The bank said they’ll consider the future of their QE program at the Feb meeting. Furthermore, the bank also outlined their criteria for deciding on the future of bond purchases, which include actions of other central banks, bond market functioning and actual and expected progress towards the goals of full employment and inflation consistent with the target. All in all, the bank still had a dovish stance but was more optimistic about the economy than expected. 2. Economic & Health Developments There are 4 key drivers we are watching for Australia’s med-term outlook: The virus situation – so far, the RBA is positive about the post-Delta recovery, so incoming data will be crucial to see whether that optimism is justified. China – After months of waiting, the PBoC finally stepped up with easing & news of fiscal stimulus coming in early 2022 is a very important positive development for the AUD. Politically, the recent AUKUS defence pact could see retaliation from China against Australian goods. Commodities – Iron Ore, (24% of exports) and Coal prices (18% of exports) are important for terms of trade, and with both of them pushing higher on the PBoC easing, that is a positive for the AUD. Global growth – as a risk proxy, where the global economy goes from here will be another important consideration for AUD, with more focus on China though. 3. Global Risk Outlook As a high-beta currency, the AUD benefited from the market's improving risk outlook coming out of the pandemic as participants moved out of safe-havens. As a pro-cyclical currency, the AUD enjoyed upside alongside other cyclical assets supported by reflation and post-recession recovery best. If expectations for the global economy remains positive the overall positive outlook for risk sentiment should be supportive for the AUD in the med-term, but recent short-term jitters are a timely reminder that risk sentiment is also a very important short-term driver. 4. CFTC Analysis Latest CFTC data showed a positioning change of +2889 with a net non-commercial position of - 78903. As outsized net-shorts are usually seen as a contrarian indicator we want to be mindful of potential squeezes, which means the AUD is likely to be more sensitive to positive data than negative data. The recent positives from China and key Australian commodities already saw some shorts being squeezed out last week, and as long as Omicron doesn’t cause a global meltdown the prospects is starting to look better for the AUD going into 2022. 5. The Week Ahead In the week ahead it’s going to be a bit of a snoozer out there with no major events, at least ones that the markets will really care about. That means overall risk sentiment will be a key driver for markets. On that front, Omicron developments will be on the radar as cases continue to rise and more countries are moving towards stricter lockdowns. The Fed’s hawkish tilt and what that means for the med-term growth and inflation outlook will also be interesting. Also keep in mind that this week will be very quiet with reduced participation as many desks closed last week, so liquidity will be thin, and volumes will be low which means lacklustre market but could also mean exacerbated volatility if we get important news crossing the wires. We do have the RBA minutes being released on Tuesday which will be interesting given the slightly more optimistic tone from the bank at their recent policy meeting surrounding the Australian economy despite the Omicron risks. JPY FUNDAMENTAL BIAS: BEARISH 1. Monetary Policy At their Dec meeting the BoJ kept policy mostly unchanged apart from unanimously voting to scale back emergency pandemic relief funding from March which includes tapering corporate bond and commercial paper buying, but they did also vote to extend a portion of the pandemic relief loan scheme to March for smaller firms. As always, the BoJ said they are ready to add additional stimulus and easing steps as the economy needs it. The bank reiterated that even though the economy has picked up it does still remain in a severe situation due to the COVID-19. The bank remains dovish and is unlikely going to change anytime soon. 2. Safe-haven status and overall risk outlook As a safe-haven currency, the market's risk outlook is the primary driver of JPY. Economic data rarely proves market moving; and although monetary policy expectations can prove highly market-moving in the short-term, safe-haven flows are typically the more dominant factor. The market's overall risk tone has improved considerably following the pandemic with good news about successful vaccinations, and ongoing monetary and fiscal policy support paved the way for markets to expect a robust global economic recovery. Of course, there remains many uncertainties and many countries are continuing to fight virus waves, but as a whole the outlook has kept on improving over the past couple of months, which would expect safe-haven demand to diminish and result in a bearish outlook for the JPY. 3. Low-yielding currency with inverse correlation to US10Y As a low yielding currency, the JPY usually shares an inverse correlation to strong moves in yield differentials, more specifically in strong moves in US10Y. However, like most correlations, the strength of the inverse correlation between the JPY and US10Y is not perfect and will ebb and flow depending on the type of market environment from a risk and cycle point of view. With the Fed tilting more aggressive, we think that opens up more room for curve flattening to take place with US02Y likely pushing higher while US10Y underperform. In this environment we do see some mild upside risks for the JPY, but we should not look at the influence from yields in isolation and also weigh it up alongside underlying risk sentiment and the USD of course. 4. CFTC Analysis Latest CFTC data showed a positioning change of +9558 with a net non-commercial position of - 53523. Even though the JPY’s med-term outlook remains bearish, the big net-shorts for both large speculators and leveraged funds always increases the odds of mean reversion when risk sentiment deteriorates. However, the size of the recent unwind has been substantial and leaves room for some downside if risk assets can see some recovery. 5. The Week Ahead In the week ahead it’s going to be a bit of a snoozer out there with no major events, at least ones that the markets will really care about. That means overall risk sentiment will be a key driver for markets. On that front, Omicron developments will be on the radar as cases continue to rise and more countries are moving towards stricter lockdowns. The Fed’s hawkish tilt and what that means for the med-term growth and inflation outlook will also be interesting. Also keep in mind that this week will be very quiet with reduced participation as many desks closed last week, so liquidity will be thin, and volumes will be low which means lacklustre market but could also mean exacerbated volatility if we get important news crossing the wires. It’s also important to keep the JPY’s net-short positioning in mind, which means any major risk off flows is likely going to see the JPY a favourite safe haven as opposed to the CHF or USD (also keeping yields in mind of course).
by thunderpips
15
AUDJPY test the 0.5 fib level 🦐AUDJPY on the daily chart after the recent low tested the 0.5 Fibonacci level with a spike. The market is now turning into a bearish scenario and according to Pkancton's strategy IF price will break below and satisfy the ACADEMY rules we will set a nice short order. ––––– 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.
Short
by InkyGrip
2
Wait for confirmation signal and sell opportunity with AUDJPYH4 time frame. Structure: Downtrend. A divergence signal and a double top reversal pattern appeared. Wait for the falling price to break the Key Level at 80,500 and have a confirmation retest signal, then look for selling opportunities. The profit target is the price zone 78,800 and 77,000. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
AUD JPY - FUNDAMENTAL DRIVERSAUD FUNDAMENTAL BIAS: NEUTRAL 1. Monetary Policy In Dec the RBA kept rates at 0.10% and weekly bond purchases at A$4bln until mid-Feb, as expected. They reiterated that they are committed to maintaining highly supportive monetary conditions and won’t raise rates until actual inflation is sustainably within their 2%-3% target range. They noted that the economy is recovering from the Delta slowdown and is expected to return to pre-Delta path in 1H22. The positive take away from the meeting was that the Omicron variant is not expected to derail the recovery. The bank said they’ll consider the future of their QE program at the Feb meeting. Furthermore, the bank also outlined their criteria for deciding on the future of bond purchases, which include actions of other central banks, bond market functioning and actual and expected progress towards the goals of full employment and inflation consistent with the target. All in all, the bank still had a dovish stance but was more optimistic about the economy than expected. 2. Economic & Health Developments There are 4 key drivers we are watching for Australia’s med-term outlook: The virus situation – so far, the RBA is positive about the post-Delta recovery, so incoming data will be crucial to see whether that optimism is justified. China – After months of waiting, the PBoC finally stepped up with easing & news of fiscal stimulus coming in early 2022 is a very important positive development for the AUD. Politically, the recent AUKUS defence pact could see retaliation from China against Australian goods. Commodities – Iron Ore, (24% of exports) and Coal prices (18% of exports) are important for terms of trade, and with both of them pushing higher on the PBoC easing, that is a positive for the AUD. Global growth – as a risk proxy, where the global economy goes from here will be another important consideration for AUD, with more focus on China though. 3. Global Risk Outlook As a high-beta currency, the AUD benefited from the market's improving risk outlook coming out of the pandemic as participants moved out of safe-havens. As a pro-cyclical currency, the AUD enjoyed upside alongside other cyclical assets supported by reflation and post-recession recovery best. If expectations for the global economy remains positive the overall positive outlook for risk sentiment should be supportive for the AUD in the med-term, but recent short-term jitters are a timely reminder that risk sentiment is also a very important short-term driver. 4. CFTC Analysis Latest CFTC data showed a positioning change of -1607 with a net non-commercial position of - 81792. As outsized net-shorts are usually seen as a contrarian indicator we want to be mindful of potential squeezes, which means the AUD is likely to be more sensitive to positive data than negative data. The recent positives from China already saw shorts being squeezed last week, and as long as Omicron doesn’t cause a global meltdown the prospects is looking better for the AUD into 2022. 5. The Week Ahead In the week ahead the main drivers for global markets will of course be the huge amount of central bank meetings, so risk sentiment will be important for the AUD on the back of that. Specifically for Australia, the markets will of course be watching the virus front with any outbreaks of the Omicron variant could see markets expect more restrictions for Australia. On the data front there will be a lot of focus on the employment report as it’s a key consideration for the RBA, not only for rates but also regarding the QE. Expectations are for a print of 200k, and an Unemployment Rate drop to 5.0% from 5.2%. As always there will be more focus on the full-time component. Even though one employment print isn’t going to immediately change the RBA’s mind, a very solid print would probably be enough to see a further unwind in those stretched shorts and could provide a decent short-term lift for the AUD this week. JPY FUNDAMENTAL BIAS: BEARISH 1. Monetary Policy At their Oct meeting the BoJ left policy settings unchanged with rates kept at -0.10% and the JGB yield target kept close to 0%. As usual we saw BoJ’s Kataoka as the only dissenter on YCC. In terms of the economic projections, the bank lowered both their growth and inflation targets as was previously reported prior to the meeting. The bank lowered FY2021 GDP to 3.4% from the prior 3.8%, and lower FY2021 Core CPI to 0.0% from the previous 0.6%. The bank’s outlook report once again explained that Japan’s consumer inflation is likely to gradually grind higher and noted that exports and output are currently weak due to the ongoing supply constraints. However, as with their prior meeting the bank explained that both exports and output is increasing as a trend. At the press conference, Governor Kuroda said that a soft JPY raises costs for households and imports but that he does not think current JPY weakness is a bad thing. He further added that it is desirable for FX to move in a stable manner, reflecting fundamentals and that he thinks the JPY’s current price action reflects the fundamentals. The Governor also added that YCC could lead to a weak JPY as it widens interest rate differentials. 2. Safe-haven status and overall risk outlook As a safe-haven currency, the market's risk outlook is the primary driver of JPY. Economic data rarely proves market moving; and although monetary policy expectations can prove highly market-moving in the short-term, safe-haven flows are typically the more dominant factor. The market's overall risk tone has improved considerably following the pandemic with good news about successful vaccinations, and ongoing monetary and fiscal policy support paved the way for markets to expect a robust global economic recovery. Of course, there remains many uncertainties and many countries are continuing to fight virus waves, but as a whole the outlook has kept on improving over the past couple of months, which would expect safe-haven demand to diminish and result in a bearish outlook for the JPY. 3. Low-yielding currency with inverse correlation to US10Y As a low yielding currency, the JPY usually shares an inverse correlation to strong moves in yield differentials, more specifically in strong moves in US10Y. However, like most correlations, the strength of the inverse correlation between the JPY and US10Y is not perfect and will ebb and flow depending on the type of market environment from a risk and cycle point of view. With the Fed tilting more aggressive, we think that opens up more room for curve flattening to take place with US02Y likely pushing higher while US10Y underperform. In this environment we do see some mild upside risks for the JPY, but we should not look at the influence from yields in isolation and also weigh it up alongside underlying risk sentiment. 4. CFTC Analysis Latest CFTC data showed a positioning change of +15785 with a net non-commercial position of - 63081. The risk off tones during the past two weeks and the subsequent gains in the JPY showed why stretched positioning is such an important consideration. Even though the JPY’s med-term outlook remains bearish, the big net-shorts for both large speculators and leveraged funds always increases the odds of mean reversion when risk sentiment deteriorates. However, the size of the recent unwind has been substantial and leaves room for some downside if risk assets can continue their recovery that started last week. 5. The Week Ahead In the week ahead the main drivers for global markets will of course be the huge amount of central bank meetings, so risk sentiment will be important for the JPY on the back of that. We also have the BoJ coming up later in the week, but as usual markets are not expecting the bank to create any meaningful volatility for the JPY. With Omicron on the radar, the bank has yet another excuse to just keep the gravy train running as they’ve done for the past three decades which means the bigger influence for the JPY in the week ahead will be risk sentiment and of course US yields.
by thunderpips
24
AUDJPY Head & Shoulders - Daily TimeframeAUDJPY Head & Shoulders - Daily Timeframe AUD High Impact News Releases: HIA New Home Sales - Tuesday, December 14th 00:00 New home sales in Australia are based on poll results derived from state-wide estimates applying weights based on financial year market shares of private residence commencements. The previous release was 11.1 and the consensus for the upcoming release is 3.2. NAB Business Confidence - Tuesday, December 14th 00:30 The National Australia Bank's poll of market confidence is based on a telephone survey of around 600 small, medium, and large non-agricultural businesses. A simple average of trading, profitability and employment indicators stated by respondents for their selected businesses are used to generate the surveys estimates for business conditions for the upcoming release. The previous release was 21 and the consensus for the upcoming release is 23 with 26 being the ATH (All-Time High) since 2018.
Short
by OfficialKieranTrewick
AUDJPY bearish continuation | 13th Dec 2021Price is abiding to the descending trendline resistance, signifying bearish momentum. We can expect price to drop from the pivot level in line with 50% Fibonacci retracement towards the take profit level in line with 100% Fibonacci projection . Our bearish bias is further supported by the MACD indicator where the signal line is above the MACD line. 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.
Short
by FXCM
1
AUDJPY bearish continuation | 13th Dec 2021Price is abiding to the descending trendline resistance, signifying bearish momentum. We can expect price to drop from the pivot level in line with 50% Fibonacci retracement towards the take profit level in line with 100% Fibonacci projection . Our bearish bias is further supported by the MACD indicator where the signal line is above the MACD line. 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.
Short
by FXCM
AUDJPY bearish continuation | 13th Dec 2021Price is abiding to the descending trendline resistance, signifying bearish momentum. We can expect price to drop from the pivot level in line with 50% Fibonacci retracement towards the take profit level in line with 100% Fibonacci projection. Our bearish bias is further supported by the MACD indicator where the signal line is above the MACD line. 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.
Short
by Rockqet
AUDJPY 4hour Analysis December 12th, 2021AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Still looking very bearish here on AJ although we did see a massive pullback to our 81.500 resistance level. From here we’re looking for a strong reversal with bearish setups to enter short on. Look to enter short on lower highs below 80.400 as well. Trade scenario 2: For us to consider AJ bullish we need to see a higher low above 81.500 with strong bullish setups to enter on.
Short
by ForexLeague
1
⚜AUDJPY SHORT 260pipsHello Traders, 🙋‍♂️🙋‍♂️🙋‍♂️ Here we have a AUDJPY long trade idea. If you like this idea please show your support! AUD We are also expecting AUD weakness due to increase in COVID-19 cases and mass evacuations due to big bush fires. Pushing the Australian dollar down. Why are we entering? We have a 3rd touch on our trendline which is in a structure level. Giving us a high probability of this trade playing out. If you want to improve your trading, check out my other ideas! 📲 Please trade with caution and make sure you set your stop losses! Happy Trading 😁 Be sure to check out my other ideas below! ⚜⚜⚜⚜⚜
Short
by Pips-Collector
4
AUDJPY bearish momentum! | 8th Dec 2021Prices are on bearish momentum. We see potential for a sell entry at 81.229 which is an area of Fibonacci confluences towards our Take Profit at 78.844 in line with 100% Fibonacci extension . Technical indicators are showing bearish momentum. 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.
Short
by FXCM
2
AUDJPY bearish momentum! | 8th Dec 2021Prices are on bearish momentum. We see potential for a sell entry at 81.229 which is an area of Fibonacci confluences towards our Take Profit at 78.844 in line with 100% Fibonacci extension. Technical indicators are showing bearish momentum. 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.
Short
by Rockqet