Audjpyanalysis
AUD/JPY Full Analysis , Best Place To Sell And Best One To BuyThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Will AudJpy break above resistance and rise to 100?Since April's high and the correction marked by 12 May's low, AudJpy has started to consolidate and has made new and new attempts to break above the previous high.
In this period clear support has formed at 92 and, although not perfect, an ascending triangle is formed.
The pairs seem to press on this 96 zone resistance and a break above could expose very important 100 resistance.
The bears get control only with a break under 94.
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
In the previous days, AUDJPY was slightly UP due to MARKET RISK ON. But even now we see that the MARKET is somewhat MARKET RISK ON. We expect the AUDJPY to bounce back to the upper resistance.
Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up, and STOCKS should go down. If MARKET RISK is OFF, you can definitely SELL at 91.39 LEVEL. For that, MARKET RISK should be OFF. Currently, the market risk is off. But somehow it can go up to 97.37 LEVEL before that. After that, AUDJPY may go down to 93.39 LEVEL.
To SELL AUDJPY, VIX must be UP and SNP500 must be DOWN. And COMMODITIES should definitely be DOWN. We are waiting for the change in the above mentioned MARKETS.
MARKETS may be slow today mostly due to US HOLIDAY on Monday.
20 Reason Buy AUDJPYupdate 04/09/2022
1 Structure 1 : Bullish
2 imbalances :\Target marked
3 Current Move 12:impulse
4 Entry TF : H1
4.1 ETF Structure: Bullish
4.2 move : IMPULSE
5 Support Resistance: 61% discounted price
6 FIB: retracement done
7 candle Pattern: momentum and long wick confirmation
8 Chart Pattern: Cup and handle
9 Volume : after a rally volume dried
10 Momentum: side ways between 60/40
11 Volatility : middle band support
12 strength: weak yet
13 Sentiment : extremely weak JPY Roc
14 Final conclusion: Buy at open
15 Buy /Sell/Wait : Buy
16 Entry: 95.312
17 Sl:95.232
18 Tp:96.395
19 Risk to reward Ratio:1:14
Excepted Duration : 8 days
AUDJPY....SELL (76 PIPS)AUDJPY experienced a bull run since last week, after the formation of the two strong bearish candles formed on 30th August. i see a market correction and expects the market to respect the same structure as on 15th August bearish formation.
Also, my 61.8 and 78.6 percent fibo entry has been respected for a sell run!!!
NB: red box: possible rejection zone
In short timeframe, the uptrend line is intact in AUDJPYAlthough Aud/Jpy has pulled back during the late NY trade session, the uptrend line is still intact and
thus I think the bulls got enough firepower to take the price towards 96.50 later this week.
Good opportunity to buy and gain some 80-100 pips and ride the trend.
Uptrend channel As you can see AUDJPY has been trending in uptrend channel for more than 15 days and making higher high and lower lows prove of uptrend and now he is at support all we need is just candle confirmation from 95.200 and we can go long to 96.500
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AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
In the previous days, AUDJPY was slightly UP due to MARKET RISK ON. Even now, we see that the MARKET is somewhat MARKET RISK ON. We expect the AUDJPY to bounce back to the upper resistance.
Anyway, if AUDJPY goes DOWNSIDE again, VIX should go up, JPY should go up, and STOCKS should go down. If MARKET RISK is OFF, you can definitely SELL at 91.50 LEVEL. For that, MARKET RISK should be OFF. Currently, the market risk is off. But somehow it can go up to 96.50 LEVEL before that. After that, AUDJPY may go down to 92.721 LEVEL.
To SELL AUDJPY, VIX must be UP and SNP500 must be DOWN. And COMMODITIES should definitely be DOWN. We are waiting for the change in the above mentioned MARKETS.
DeGRAM | AUDJPY short opportunityAUDJPY is pulling back to the resistance zone and testing it.
Price is in the range. We don't see trend indication yet.
We expect to test the support level and price fall further.
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Bearish look on AUDJPY.Relevant market risks I have on my radar (it's obviously not a comprehensive list and mostly unchanged from last week):
Europe: huge uncertainty regarding future of gas flows from Russia; an unexpected resolution of the conflict seems very unlikely, but it could escalate on multiple fronts (gas, energy, militarily) very quickly
UK: don't have a clear idea about the impact of the Tory leadership race yet (potential for negative impact on the sterling is there given the comments from Liz Truss), the Northern Ireland protocol still remains unresolved
Global markets: the risk from commodity market squeezes spilling over seems to have diminished a bit
China/Taiwan: keeping an eye on the Taiwanese stock market as a risk gauge
AUDJPY: Highs will e capped!AUDJPY
Intraday - We look to Sell at 94.50 (stop at 95.25)
Previous support located at 93.50. Previous resistance located at 94.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 94.50, resulting in improved risk/reward. A move through 93.50 will confirm the bearish momentum.
Our profit targets will be 92.50 and 92.00
Resistance: 94.00 / 94.50 / 95.00
Support: 93.00 / 92.50 / 92.00
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AUDJPY preparing for another drop!!AUDJPY has broken the local support zone and created strong bearish price action. The daily price has created a very strong rejection from the top with a wickless candle. The 4H price has formed another strong bearish price action. There is a probability of another drop from daily 20EMA and 4H 38.1% fib level.
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Week 7 assignment (EXHIBIT A) for AUDJPY by PROSHERIFF
A Double Bottom chart pattern has been confirmed on the 4H time scale.
The trend is on the downside according to the DOW theory.
Lower Highs and Lower Lows can be seen on the chart and a series of bearish candles turn the bias on the bearish side.