Audjpyanalysis
DeGRAM | AUDJPY confluence level for selling opportunityAUDJPY broke and closed below the resistance at 95.000, which is psychological as well.
The market also broke the ascending channel, indicating a trend shift.
Price at confluence level, where resistance is at 95.000, dynamic resistance and fibo level 50.0%.
We expect a bearish move from the confluence.
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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.
AUDJPY Long Term SELLING Trading IdeaHello Traders
In This Chart AUDJPY HOURLY Forex Forecast By FOREX PLANET
today AUDJPY analysis 👆
🟢This Chart includes_ (AUDJPY market update)
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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…
Dancing into the Monthly Candle Closure 🩻AudJpyIn our last Analysis, we Called out Longs on AudJpy on Sept 3rd and we can observe a phenomenal 180 pips increase in price since then.
0:0 Monthly timeframe bigger picture
1:37 Weekly timeframe
4:45 Daily timeframe
8:11 4hr timeframe
11:19 1hr timeframe
12:30 Bias
Audjpy increased during the Month of September. At ShrewdCatFx, we were able to anticpate this increase by observing where candles close. Specifically, the weekly candle to close the month of August was especially telling of potential upside. This candle was the tell, thats it. Price has been trending up on Higher timeframes (Monthly/Weekly) ever since the pandemic. We have bullish market structure on the Monthly timeframe... and so when we got confirmation of a flip to bullish market structure on the weekly timeframe .. that was our hint. We'll have to see how this September monthly candle closes in comparison to the monthly resistance level that we are currently testing at 96.135. If we close above = confirms for more buys in October. If not, then we observe Audjpy go into a range to begin the 4th quarter 2023'.
DeGRAM | AUDJPY trend continuation opportunityAUDJPY is making higher highs, an indication of the bullish trend.
The market pulled back to the kill zone and 50% fibo retracement level.
The price is oversold at the support level, which creates a buying opportunity.
We expect a retest of the major resistance level since we have pinbars as a sign of level rejection.
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AUDJPY - Short active ✅Hello traders!
‼️ This is my perspective on AUDJPY.
Technical analysis: We have here perfect confirmation for a short position. Firstly price filled to the pip daily imbalance, then it changed the character and mitigated bearish order block.
Fundamental analysis: On Wednesday will be released yearly CPI on AUD, so pay attention in to the result in order to validate the analysis.
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AUDJPY Technical Analysis and Trade Idea Asian SessionAnalysing the AUDJPY currency pair, it's evident that it has encountered a pivotal support level following a robust bearish momentum. Presently, price appears overextended, which may trigger a retracement.
As always, comprehensive insights are provided in the accompanying video, where we delve into aspects such as price action, market structure, and other critical elements of technical analysis. It's essential to emphasize that the content presented here is solely for educational purposes and should not be construed as financial advice. It is paramount to exercise prudent risk management practices when engaging in trading activities.
DeGRAM | AUDJPY channel breakingAUDJPY dropped and broke the ascending channel,indicating a trend shift.
The market is basically consolidating on the daily chart, and the price recently bounced off the consolidation border.
We expect a bearish move from the kill zone, where we have resistance and fibo 38.2%, and the channel border as dynamic resistance.
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AUDJPY Short Term Buy IdeaD1 - Bullish trend pattern followed by a pullback.
Price respected a strong support zone and is currently bouncing higher.
No opposite signs.
H1 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong support zones hold my short term view remains bullish here.
AUDJPYAUDJPY had mixed price movement during this week indicating a strong buyers holds. We will have to see if price comes back to this week's friday daily low and bounce from there or it continue the bullish trend from fridays closed price.
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DeGRAM | AUDJPY in consolidationAUDJPY is essentially consolidating. It's trading in the descending channel.
Price created a confluence level where we have a resistance + bearish harmonic pattern, dynamic resistance, and fibo cluster.
We expect a bearish move from the confluence zone.
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DeGRAM | AUDJPY confluence zone for sellAUDJPY broke and closed below the resistance at 94.000, which is psychological as well.
The market also broke the ascending channel, indicating a trend shift.
Price at confluence level, where resistance is at 94.000 + fibo level 38.2%.
We expect a bearish move from the kill zone.
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Weekly Candle closure suggests Upside / AudJpy 🛩️Hello Traders! A different post today as we are talking about AudJpy when we usually share our thoughts on EurUsd.
0:0 Monthly timeframe
2:53 Weekly timeframe
6:35 Daily timeframe
8:52 4hr timeframe
12:30 1hr timeframe
Yen pairs have a bit of a different personaility then when it comes to trading Eurusd. The moves can be alot more harsh and unrelenting. For example trading a yen pair it may be the case that we don't recieve a retest when in the process of breaking out. Versus on Eurusd we may see a retest and price will respect level's in a more clean fashion. AudJpy previous weekly candle closed bullish above the previous weekly resistance level created during the 2nd week of August at 94.107. This confirms a change to bullish market structure and potential upside this week back to 94.69 Daily resistance zone and 95 4hr resistance zone. Our previous weekly resistance level at 94.119 which we closed above last week may now turn into a weekly support level and facilitate a move to the upside. Other key level's include Daily support level 93.559, and 4hr support level's 93.9 and 93.73. Aud Interest rates have been increasing since May 2022 but observing the Weekly timeframe, not much has happened with regard to the strength of the AUD on this pair. Interest rates are anticipated to be released tomorrow 4 hours after asian session open and it may act as a catalyst to observe a continuation back up towards structural highs at 95. Otherwise we may observe a decrease back towards 93.559 and a failed breakout to the upside on the Daily/Weekly timeframes.