The AUDJPY pair reached the top of its long-term Channel Up, while at the same time the 1D MACD is about to complete a Bearish Cross today. This is a strong sell signal combination and the minimum decline that the pair has within this Channel Up on a pull-back, has been -1.84%. As a result our short-term Target is...
AUD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 103.95 1st Support: 103.49 1st Resistance: 104.47 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
AUD/JPY is reacting off the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could potentially drop to our take profit. Entry: 102.90 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 103.63 Why we like it: There is a pullback resistance...
AUD/JPY is rising towards the pivot, which acts as a pullback resistance and could reverse to the 1st support. Pivot: 103.64 1st Support: 102.36 1st Resistance: 104.52 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
AUD/JPY is rising toward a resistance level, which acts as a pullback resistance aligning with the 38.2% Fibonacci retracement. A rejection at this level could indicate a double top pattern, potentially leading to a price drop toward our take profit target. Entry: 101.961 Why we like it: There is a pullback resistance level which lines up with the 38.2% Fibonacci...
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just follow the structure h1, target to make new high
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDJPY has been overall bullish, trading within the rising wedge pattern in blue. Currently, AUDJPY is in a correction phase, approaching the lower bound of the wedge. Moreover , it is retesting a strong demand in green. 🏹 Thus, the highlighted blue circle is a strong...
AUDJPY is borderline bullish on the 1D technical outlook (RSI = 56.140, MACD = 0.500, ADX = 22.883) as today it has erased the gains of almost the past 3 days. As it approaches the 1D MA50, it is turning into a buy opportunity inside a double Channel Up pattern. At 99.000 we are turning bullish again and will aim for a +2.65% increase (TP = 101.700) for a HH. See...
AUDJPY is rising towards a resistance level which is a pullback resistance level and could reverse from this level to our take profit Entry: 100.359 Why we like it: There is a pullback resistance level Stop loss: 100.699 Why we like it: There is a resistance at the 127.2% Fibonacci extension Take profit: 99.235 Why we like it: There is an overlap support...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. If Jpy is still showing weakness, then likely i am looking at both AJ and EJ to look for long opportunities But do keep in mind if BOJ gonna dish out stuns on its interventions. Do check out my stream video for the week to have more explanation in place. Do Like and...
Title: "Analyzing AUD/JPY: Inverse Head and Shoulders Formation with Bullish M Pattern on 4-Hour Chart" In the recent analysis of the AUD/JPY currency pair, a notable technical pattern has emerged on the 4-hour chart, presenting potential trading opportunities: 1. **Inverse Head and Shoulders Pattern (H&S):** - The chart displays an inverse head and shoulders...
AUDJPY - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 98.60. Price action looks to be forming a bottom. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 99.00 will confirm the bullish momentum. We look to Buy...
The AUDJPY pair has recently hit our long-term bullish Target of 99.300, which we set on our last trading idea (December 18 2023, see chart below): That was at the top (Higher Highs trend-line) and the 1.136 Fibonacci extension of the 9-month Channel Up. We are technically expecting a pull-back now towards the bottom (Higher Lows trend-line) of the Channel Up...
The AUD/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position (buying) around the current price of 97.77,...
After price broke structure to the downside with momentum, it preceded to retrace back towards a very extreme supply zone that it left behind during the expansion. It has currently formed liquidity below this supply zone that it could use to fuel its move further to the downside to break the recently formed weak low. The reason a short would be ideal now is...
Is the AUD/JPY the trade to make at the beginning of the coming week? Both the BoJ and the RBA are delivering their latest interest rate decisions on Monday morning, 30 minutes from each other. The Bank of Japan is up first, at 11:00 pm on Monday (US time UTC –4). The Reserve Bank of Australia follow at 11:30 pm. What's expected from each bank? According...
Hey Traders, in tomorrow’s trading session we are monitoring AUDJPY for a selling opportunity around 98.100 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 98.100 support and resistance area. Trade safe, Joe.