AUDJPY
AUDJPY: Is this the start of the reversal?We saw some JPY strength last week and I think we could be starting to see reversal, however my confirmation of this will be below 93 support.
Even though BoJ hasn't intervened yet, there was a lot of buying in the week which we saw against the USD, I still expect BoJ intervention soon.
Nice pinbar rejection on the 4HR from my resistance block.
Looking for a short here on LTF's, but with tight SL and will keep it following any move down.
AUDJPY H4 | Rising into 50% Fibo resistanceAUD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 95.039 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 95.580 which is a level that sits above the 61.8% Fibonacci retracement level.
Take profit is at 93.887 which is a swing-low support level.
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CHFJPY I Potential Short from Resistance Welcome back! Let me know your thoughts in the comments!
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AUDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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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 :-)
AUDJPYAUDJPY was trading in bullish structure till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the inclining trendline.
Now the price is retesting the broken trendline and broken support level.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 93.500.
Dead cat bounce on AUD/JPY?Once again we saw AUD/JPY rally above 96 before reversing lower, which is a pattern we have seen occur four times since January 2022. A shooting start reversal formed on Friday and the cross fell around -4% Tuesday’s low, breaking a bullish trendline before finding support at the 200-day EMA, February high and 96 handle.
We’ve seen two modest up days since, but now we’re looking for evidence of a swing high around 95 – as this houses the weekly S1 pivot, 50% retracement level and cycle highs.
The initial target is 94, a break of which brings 93 in focus. But if risk off returns, then a break of 93 seems plausible.
Strifor || USDCHF-10/05/2023Preferred direction: BUY
Comment: The franc continues to accumulate at the level of 0.91475, which contributes to the formation of a new springboard for a move higher. The US dollar is also expected to rise here; a particularly strong movement is likely to be expected tomorrow. The purpose of growth will be to update current local maxima.
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Strifor || AUDUSD-10/05/2023Preferred direction: SELL
Comment: The dollar continues to strengthen and most likely non-farm tomorrow will sufficiently confirm this. There is a good accumulation of purchases for the Australian dollar; this, in turn, is a potential big downward movement, which we expect tomorrow. It is better to log in tomorrow.
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AUDJPY Long Term SELLING Trading IdeaHello Traders
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AUDJPY: Bullish Continuation & Long Signal
AUDJPY
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long AUDJPY
Entry Point - 94.231
Stop Loss - 93.630
Take Profit - 95.353
Our Risk - 1%
Start protection of your profits from lower levels
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AUD/JPY: Bullish Trend Pauses for a Pullback-- 30-Minute Chart
The AUD/JPY pair is currently trading in a narrow range on the 30-minute chart. The pair is facing resistance at the 94.20 level and support at the 94.00 level.
The RSI indicator is currently in overbought territory, suggesting that the pair may be due for a pullback. However, the MACD indicator is still generating bullish signals.
-- 4-Hour Chart
The AUD/JPY pair is currently trading in a bullish trend on the 4-hour chart. The pair is facing resistance at the 94.50 level and support at the 94.00 level.
The RSI indicator is currently in overbought territory, suggesting that the pair may be due for a pullback. However, the MACD indicator is still generating bullish signals.
-- Daily Chart
The AUD/JPY pair is currently trading in a bullish trend on the daily chart. The pair is facing resistance at the 95.00 level and support at the 94.00 level.
The RSI indicator is currently in overbought territory, suggesting that the pair may be due for a pullback. However, the MACD indicator is still generating bullish signals.
Elliott Wave Analysis
Based on Elliott Wave Theory, as marked on my chart, the AUD/JPY pair may be in the process of completing a five-wave upward Elliott wave pattern. If this is the case, the pair could experience a significant pullback in the near future.
AUD/JPY Fundamental and Technical Analysis for 4 October 2023 (30-min, 4-h, and Daily Charts)
Fundamental Analysis
The Australian dollar (AUD) is a commodity currency, meaning that its value is closely linked to the prices of commodities such as iron ore and coal. The Japanese yen (JPY) is a safe-haven currency, meaning that it tends to appreciate in value during times of market turmoil.
The AUD/JPY currency pair is often seen as a proxy for risk appetite. When investors are feeling optimistic about the global economy, they tend to buy the AUD/JPY pair. When investors are feeling cautious, they tend to sell the AUD/JPY pair.
Technical Analysis
30-Minute Chart
The AUD/JPY pair is currently trading in a narrow range on the 30-minute chart. The pair is facing resistance at the 94.20 level and support at the 94.00 level.
The RSI indicator is currently in overbought territory, suggesting that the pair may be due for a pullback. However, the MACD indicator is still generating bullish signals.
4-Hour Chart
The AUD/JPY pair is currently trading in a bullish trend on the 4-hour chart. The pair is facing resistance at the 94.50 level and support at the 94.00 level.
The RSI indicator is currently in overbought territory, suggesting that the pair may be due for a pullback. However, the MACD indicator is still generating bullish signals.
Daily Chart
The AUD/JPY pair is currently trading in a bullish trend on the daily chart. The pair is facing resistance at the 95.00 level and support at the 94.00 level.
The RSI indicator is currently in overbought territory, suggesting that the pair may be due for a pullback. However, the MACD indicator is still generating bullish signals.
Elliott Wave Analysis
Based on Elliott Wave Theory, the AUD/JPY pair may be in the process of completing a five-wave upward Elliott wave pattern. If this is the case, the pair could experience a significant pullback in the near future.
Conclusion
Overall, the AUD/JPY pair is in a bullish trend on all three timeframes. However, the RSI indicator is currently in overbought territory on all three timeframes, suggesting that the pair may be due for a pullback.
Traders should watch the key support and resistance levels mentioned above carefully. A break above the 94.50 level on the 4-hour chart would confirm the continuation of the bullish trend. A break below the 94.00 level on the 4-hour chart would suggest a pullback is underway.
AUDJPY Short Term Sell IdeaH4 - Most recent uptrend line breakout.
Lower lows.
Expecting short term bearish moves to happen here.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
AudJpy- Where to sell for 1:3 R:R?Yesterday, like all the Jpy pairs, AudJpy was also affected by the verbal intervention from BoJ.
The pair dropped quickly 200 pips, but more importantly, it broke under important confluence support at 95.
This level is offering now a good resistance point and, with the pair in recovery at this moment, rallies should be sold.
In conclusion, prices close to 95 are good opportunities for bears and, considering a target at 92 next important support, a good 1:3 R:R could be achieved
Multiple timeframesThe daily timeframe closed with a shooting star candlestick, respected the daily supply and simultaneously made an internal liquidity sweep, this is a good indication that we’re in a bearish market. We are now waiting for price to activate the extreme supply to get good entries because sellers are taking over due to the idea that we a break of market structure followed by a market structure shift. We are looking for a 1:5 leverage in this trade…
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 :-)
AUDJPY: Riding the Bullish Wave as the Yen Creates New LowHi Fellow Forex Traders,
AUDJPY has broken out of the falling wedge pattern, continuing its bullish price movement above the EMA200 line. Subsequently, the price formed a breakout pennant pattern, which suggests a continuation of the bullish trend. The MACD indicator has also produced a golden cross, confirming a potential upward movement towards the target area. We are also anticipating a possible pullback scenario after reaching the first target, followed by a continuation of its upward trajectory towards the second target.
Other Technical Factor
The JPYBasket is currently trading below the EMA200 line. This is followed by an impulsive breakout of the pennant pattern, further bolstering the upside movement of the Aussie Yen.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
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"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on FX:AUDJPY ."