AUDJPY ANALYSISHello traders here is an analysis of AUDJPY for the coming weeks, what I have noticed in this market is that the price formed a rising wedge pattern that signals a bullish move but now after giving it some time and thoughts the price can go either way because you can see that it has been creating support and resistance and you can see it respect those zone so now I will wait for the price to break one of the zones then retest it then I will look for the opportunities that the market will present to me. What's your take on this one?
AUDJPY
audjpy daily outlookI got this chart like it is going to complete a wadge pattern probably. now I can say it's a valid pattern in terms of a minimum 4 touches...but of course, it is not the complete confirmation you have to wait for less momentum if you see that pattern which can give a sell signal. then you have to wait for a valid breakout.
Reminder:- keep in mind that no matter how good your signal or A+ setup...anything can happen market has the right to go against your analysis or your position.... That is why risk management is the main protector of you and your account. thank you
AUD/JPY H4 | Bearish momentumAUD/JPY has reversed off a pullback resistance and could potentially drop lower from here.
Sell entry is at market (97.359).
Stop loss is at 97.850 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance.
Take profit is at 96.896 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
AUD/JPY Opportunity? BOJ and RBA announce decisions together 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 to sources quoted by Reuters, the Bank of Japan is leaning toward exiting negative rates this month. This is something that would really be a huge shock to the market. It would be the year's story, but do most traders believe this is possible, or is April the more likely timeline? Even a hint of an April rate hike could be a huge event in the market.
From the RBA, traders might be looking for a rate cut, but won't likely get it. An argument on the side of a rate cut involves the RBA getting nervous about what the Wall Street Journal calls a “Deepening Property Crisis of its Own Making”. Sarah Hunter, the Assistant Governor of the RBA, addressed the economic and inflation forecast during a panel discussion at the AFR Business Summit on Tuesday, stating that “Households are clearly struggling at present.”
AUDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
AUD/JPY H4 | Strong bullish momentumAUD/JPY is showing a strong bullish momentum and could make a continuation towards our take-profit target.
Entry: 97.692
Why we like it:
There is a strong bullish momentum
Stop Loss: 97.237
Why we like it:
There is a pullback support level
Take Profit: 98.132
Why we like it:
There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUD/JPY BEST PLACE TO BUY FROM|LONG
Hello,Friends!
AUD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 97.574 area.
✅LIKE AND COMMENT MY IDEAS✅
AUDJPY Massive Long! BUY!
My dear followers,
I analysed this chart on AUDJPY and concluded the following:
The market is trading on 97.118 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 97.608
Safe Stop Loss - 96.835
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
Daily Wedge w/ Divergence Spotted!! - AJHere I have AUD/JPY on the 4Hr and Daily Charts!
Daily Chart-
-We see Price outlining a Rising Wedge and with this the First inclination that we could see Price push down further is the Bearish Divergence shown as the HIGHS on the RSI indicator suggesting Bulls could be losing Power!
-The High created on Feb. 23rd was followed by a STEEP decline in price!! Much of this caused by BOJ rumors of JPY possibly exiting "Deflation" and with the market doing well!
4Hr Chart-
Price had made a Low after the steep decline from the High giving me an opportunity to find a Fib'd Entry Zone and Price had tested it already at the end of last week. To start this week, price as began to work down validating my Bearish Bias on this pair!
Fundamentally this week:
AUD - GDP (Tue)
JPY - Tokyo Core CPI & BOJ Ueda Speaks (Mon)
*Currently in Active Trade
AUD/JPY H4 | Potential bearish momentumAUD/JPY is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 97.361 which is a potential breakout level (wait for the current 1-hour candle to close below 97.361 for confirmation of the bearish breakout).
Stop loss is at 97.900 which is a level that sits above a pullback resistance.
Take profit is at 96.850 which is an overlap support that aligns with a confluence of Fibonacci levels i.e. the 61.8% retracement and the 78.6% projection.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
AUDJPY ShortDaily chart has seen AUDJPY respecting premium daily levels (rejecting from Daily SIBI).
The idea of this trade is that price has traded up into the daily imbalance, and rejected from it, so I now expect price to seek external range liquidity in the form of old lows on the daily chart.
I want to see bullish arrays get disrespected and bearish arrays respected to then look for m5/m15 bearish displacement for short entry.
AUD/JPY H4 | Potential bearish breakoutAUD/JPY could fall towards a potential breakout level and fall lower towards our take-profit target.
Entry: 97.360
Why we like it:
There is a potential breakout level (wait for 1-hour candle to close below 97.360 for a breakout confirmation)
Stop Loss: 97.815
Why we like it:
There is a pullback resistance level
Take Profit: 96.849
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUD/JPY BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
It makes sense for us to go short on AUD/JPY right now from the resistance line above with the target of 97.259 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅