AUDJPY sideway freak,wait to breakout
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Aud-jpy
AUDJPY facing bearish pressure | 12th Aug 2021Price is below our pivot level at 81.581 which is in-line with 78.6% Fibonacci extension level. Price could potentially drop towards support at 80.598 in-line with 61.8% Fibonacci retracement level. If price bounces, it could potentially swing towards resistance at 81.944 in-line with 100% Fibonacci extension 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 facing bearish pressure | 10th August 2021Price may be reversing from the 1st resistance at 81.353 at 61.8% Fibonacci extension towards the 1st support at 80.612 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Otherwise price may rise to 2nd resistance at 81.613.
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AUDJPY 4hour Analysis August 8th, 2021AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We’re still technically bearish here on AJ but it has been throwing some fake outs here and there.
Essentially we’re still in a period of consolidation while price action figures out where it wants to go. In the meantime we’ll remain prepared. If price action drops below 80.750 and forms a lower high we’ll be interested in entering short.
Trade scenario 2: For us to consider AJ bullish we would ideally need to break the resistance of the range around 81.400. If we see some higher lows above we could be looking at some long positions.
AUDJPY facing bearish pressure | 6th Aug 2021Price is reversing from the sell entry at 81.352 at 61.8% Fibonacci retracement towards our take profit at 80.598 in line with 61.8 Fibonacci retracement and extension. Otherwise price may rise to stop loss at 81.656 in line with 78.6% Fibonacci extension .
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 interests 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 Facing Bearish Pressure | 2 Aug 2021AUD/JPY is holding below the descending trendline and approaching the sell entry at 80.181 which is in line with our horizontal overlap resistance and 23.6% Fibonacci retracement . Price is likely to resist off this level to take support at 79.443 in line with -27.2 % Fibonacci retracement . Our bearish view is further strengthen by how price is holding below the EMA as well as by how MACD is holding below 0.
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 interests 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 August 1st, 2021AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Definitely looking bearish this week! We currently can spot a potential perfect setup already.
From the current level we’re looking for price action to retest broken support at 80.750 to confirm a lower high. Look to enter short on confirmation of the lower high and target lower toward key support levels.
Trade scenario 2: For us to consider AJ bullish we would need to see a transition of 81.400 resistance. If we can spot a higher low above this level we will look to enter long and target high resistance levels.
AJ more downside should be coming...short short
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
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Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
AUD/JPY:UPDATE PRICE ACTION+FIBO ANALISYS|DOWNTREND|SHORT 🔔The forecast for the AUD/JPY remains bearish as global economic indicators point towards weaker than expected performance. Traders should expect more volatile trading after the Tenkan-sen, and the Kijun-sen, turned sideways, with the Ichimoku Kinko Hyo Cloud extending its descend.
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AUD/JPY:DOWNTREND|PRICE ACTION+FIBO ANALISYS|SHORT IDEA 🔔Welcome back Traders, Investors, and Community!
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AUDJPY facing bullish pressure | 28 July 2021Appears that price is likely to take support and bounce up from the 80.689 level which is in line with the 50% Fibonacci retracement, 127.2% Fibonacci retracement as well as the horizontal overlap resistance. Price is expected to rise until the horizontal swing high at 81.516 which is also in line with the 100% Fibonacci extension level. Our bullish bias is further confirmed by how the MACD is holding above the 0 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.
AUDJPY facing bearish pressure | 27th July 2021Price currently approaching the horizontal overlap support which is in line with the 50% Fibonacci retracement as well at the 38.2% Fibonacci extension. Should price break that level, we can expect it to plunge further to take support at the 79.819 level which is in line with the horizontal swing low support and the 78.6% Fibonacci extension level. Our bearish bias is further supported by how MACD is below the 0 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.
AUDJPY 4hour Analysis July 24th, 2021AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking overall bearish on this pair as well but structure is not yet that clear.
We know we’re looking for short positions after we can confirm a lower high and that can happen at two major places on this chart.
At the current level we could see a reversal with some good short entry opportunities or we could see price action retrace some more.
We could see a deeper reversal happen around our 82.200 resistance level before price action continues with the bearish sentiment. Keep this in mind and watch for the right confirmations at either levels.
Trade scenario 2: For us to consider AJ bullish we would ideally need to see a break above resistance around 82.200 with a confirmed higher low.
If this happens we’ll look to target toward higher resistance levels.
AUDJPY 4hour Analysis July 18th, 2021AUDJPY Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still looking very bearish here on AJ and it looks like it will be continuing with this trend.
From where current price action is it will either push lower with strong bearish momentum or price action will pull back to a resistance level before dropping.
Either way we’re looking to target our -27% fib level once we can confirm our next lower high and enter on strong bearish setups.
Trade scenario 2: For us to consider AJ bullish we need to see a lot from price action. Ideally, a break above 82.200 with some clean higher lower setups would be enough to mark up some long positions.
AUDJPY ANALYSISAUDJPY is trading in downtrend
Price broke corrective uptrendline
Strong bearish wave (a) ended at level 81.35 then corrective bullish wave (b) rejected from key level corresponding to 50% Fibonacci level at 82.75
Below SMA 100
MACD shows bearish momentum
we r waiting price to break support level at 82.05 to open short trade
It's expected forming bearish wave (c) to target support level at 80.00