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AUDJPY

AUDJPY - Short active ✅Hello traders! ‼️ This is my perspective on AUDJPY. Technical analysis: Here we can see that price failed to break previous high and then changed the character, filled perfectly the imbalance and then rejected from institutional big figure 92.000, so I opened a short position. Fundamental analysis: On Wednesday we have news on AUD, will be released yearly CPI, one of the most important macroeconomic indicator. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
AUD/JPY Downbeat Data and Cautious Sentiment Weigh.The AUD/JPY currency pair continues to face downward pressure, hovering around its intraday low after experiencing a decline from its eight-day high. The pair's movement is influenced by the release of key economic data, including Australia's employment report and Japan's trade numbers for the month of April. As the AUD/JPY pair is considered a risk barometer, qualitative factors will play a significant role in determining its direction, particularly due to the light economic calendar. The AUD/JPY pair is currently experiencing selling pressure, pushing it to refresh its intraday low near 91.20. This rapid decline amounts to nearly 50 pips, triggered by the disappointing Australian jobs report for April, which came in below expectations. Furthermore, the pair is also weighed down by the negative yield and cautious sentiment prevailing in the market. Australia's employment change figure for April came as a surprise, showing a decline of 4.3K jobs compared to the expected increase of 25K and the previous month's figure of 53K. Additionally, the unemployment rate in Australia rose to 3.7% from the previous 3.5%. Earlier in the day, Japan's merchandise trade balance total for April showed improvement, reaching ¥-432.4B, surpassing the expected ¥-613.8B and the previous month's ¥-755.1B. However, both imports and exports for April experienced a decline on a year-on-year basis, with imports contracting by 2.3% and exports growing by 2.6%, falling short of market forecasts of -0.3% and 3.0% respectively. These figures represent a decrease from the previous month's values of 7.3% and 4.3% for imports and exports respectively. On the previous day, Australia's wage price index for the first quarter of 2023 remained unchanged at 0.8% quarter-on-quarter (QoQ), failing to meet the market consensus of 0.9%. However, the year-on-year (YoY) numbers showed improvement, reaching 3.7%, surpassing the expected 3.6% and the previous reading of 3.3%. In contrast, Japan's preliminary reading of the first quarter (Q1) 2023 gross domestic product (GDP) figures revealed a growth rate of 0.4%, exceeding the market's expectation of 0.1% and the previous reading of 0.0%. It is worth noting that the AUD/JPY pair's recent upward momentum was driven by the market's improved risk appetite, mainly due to diminishing concerns regarding a US default. Additionally, hopes of increased investment from China also supported the pair's recovery, as the National Development and Reform Commission of the People's Republic of China (NDRC) announced measures to stimulate consumption and stabilize and expand manufacturing investment. However, the lack of further positive catalysts, along with a cautious sentiment ahead of significant Australian data and doubts regarding the Reserve Bank of Australia's (RBA) hawkish stance, has led the risk barometer pair to consolidate its weekly gains. Despite the positive performance on Wall Street, S&P 500 Futures show slight losses, and US Treasury bond yields remain stagnant near multi-day highs. Specifically, the yields on the 10-year and two-year Treasury bonds have risen to their highest levels since May 01 and April 24 respectively, with a four-day uptrend near 3.57% and 4.16%. However, they have slightly decreased to 3.55% and 4.13% respectively at the time of writing. Looking ahead, with a light economic calendar, the AUD/JPY pair may consolidate its recent gains if market sentiment continues to deteriorate. From a technical analysis standpoint, it is worth considering that the price of AUD/JPY may experience a new pullback around the 50% and 61.8% Fibonacci retracement levels. These levels coincide with the dynamic trendline, adding to their significance. This potential pullback could serve as a temporary pause in the downward movement before the price resumes its upward trajectory.
by FOREXN1
15
AUDJPY Will Go Higher From Support! Long! Here is our detailed technical review for AUDJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 91.593. Considering the today's price action, probabilities will be high to see a movement to 92.566. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
AUD/JPY Set To Grow! BUY! My dear followers , My technical analysis for AUD/JPY is below: The price is coiling around a solid key level - 91.592 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Goal - 92.625 My Stop Loss - 90.987 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
17
AUDJPY is almost reach PRZAfter the Potential Reversal Zone has been reach, And white trend line has been crossed, find your best position to go short. The target is not determine yet, however, watch out for the second white trend line below. Secure your profit, and find another short position. Use your own strategy. Draw trend line always. It is the most essential thing in trading. And close your position when your trend line has been crossed. Watch out, anticipation for WXYXZ Where is the thirth (blue) trend line show up? Let's see on the picture below. I wish you get your best profit. Thank you.
Short
by Fx46
AUDJPY Will Go Down From Resistance! Short! Here is our detailed technical review for AUDJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 91.256. Considering the today's price action, probabilities will be high to see a movement to 88.079. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
AUD/JPY : Volume Profile 📊 and Price Action Analysis 📋On AUD/JPY is nice to see strong sell-off from the price 92.18, there are nice to see strong volume area.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Rejection of higher prices + Strong volume area is my mainly reason for this short trade.... Happy trading Dale
by Trader_Dale