Good opportunity to Sell AUD/JPYTwo important pattern, EMA and also RSI show that price must go down in future hours.
Audjpybreakout
AudJpy- I expect a violent dropSince the beginning of November, AudJpy has risen 800 pips (more than 10%) and, as we can see from the chart, it almost has no correction.
I think things are about to change and the pair will dive.
From the technical point of view, AudJpy made a small double top after it passed above 80 and the Friday close found the pair just in confluence support of the ascending trend line and neck-line.
A break here will be the signal that the pair started correcting and the target for such a drop can be 77.
Also, a short trade for this pair has a 1:3 R:R ratio
AUDJPYPrice is testing a monthly support. The market is currently printing a consolidation pattern. RSI is printing a bullish divergence signal. Breakout is imminent. Possible price actions indicated.
AUDJPY SHORT/Breakout As we can see, The AUDJPY has formed an Ascending Triangle pattern,even though this is a bullish chart pattern. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable.
This analysis is based purely on Technical analysis , Fundamentally, the Australian Dollar is stronger due to the high demand of steel by the Chinese steel production companies this month.
AUDJPY TRADE IDEAAUDJPY - See a pennant structure forming here. Will be waiting for a breakout of this pattern before entering a position. Currently near a strong hourly, and 4 hourly resistance level as well, so if we break upside, and break above the resistance we can look to add more positions.
AUD/JPY, price should continue moving upwardsAUD/JPY is impulsing to the upside. It broke the pullback trendline and right now I do expect further bullish continuation.
AUDJPYAUDJPY recap of last week's trade and weekly analysis for the upcoming week starting today May 24, 2020 to May 29,2020.
AUDJPY Upward Move In Near TermAs can be seen in the chart, I expect AUDJPY to hit the 69.700 level soon, because of a strong uptrend over the past several days, plus this pair has easily breached the previous strong resistance level of 69.200 from the month of March. I see it touching 69.700 soon.
AUD/JPY, opportunity for BuyersFor buyers, a breakout of the trendline on the pullback is a bullish sign. As well as a false breakout of the Support level.
AUD/JPY, market manipulated by Fake BreakoutIt's seen quite often when market makers manipulate breakouts. This is a great example of how big players accumulate volume.
AUD/JPY, Breakout of Support Level will be a Bearish SignAussie dollar kinda boosted up this week, but we are still long-term bearish on this quote. If we broke this horizontal Level, it would be a bearish sign. Keep in mind, that there is still a chance for continuation to the upside of the market. So sit on your hands until price action tells you what to do.
AUDJPY TP AT 72.00HI, TRADERS
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START OF THE WEEK (9 Sep - 13 Sep 2019) GUIDE | UP WE GO!See chart for illustration
This is a follow up on a long term speculation published earlier ( see link below for reference purposes)
FREE ANALYSIS ON AUDJPYFREE ANALYSIS ON AUDJPY
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15 Min
Expecting More downside on AUDJPY. Watch top for sell
AUDJPY TRADE FOR - TODAYFREE ANALYSIS ON AUDJPY
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30 Min
Watch-out for the breakout on either side.
CATCH BUYS ON AUDJPY - keep an eye out peopleFREE ANALYSIS ON AUDJPY
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AUDJPY Long Long Long (High Potential for 200 pip move)We can see clearly that 75.433 is holding very very good, if we look daily we can see that have a big hammer,
they pushed the price below this key level (for me) and we broke that supp with a big bearish marobozu but we managed to go upside
again, that means that they don't want the price below that point. Always remember to visualize, to predict how the weekly candle will close , if we look at the weekly tf we can see clearly that this pair is trying to make a big hammer that means the bearish days are over and new trend will follow through.
Remember we have to smash that 76.000 KEY LEVEL with a big HAMMER.
My longer tp for this pair if we manage to close weekly as Hammer is 77.965 about 200 pips , and the stop loss is very tight (20 pips)
Buy zone 75.655, Very very good setup.
AUDJPY MAJOR SUPPORT BROKENPrice of AUDJPY opened with an extremely large gap downwards.While it did it broke below the major support zone, it has started making its way up and we expect price to go up and test the descending trendline at the 0.500 - 0.618 retracement level before dropping down to the -0.27 extension level
AUDJPY SHORT APPROCHINNG AUDJPY Price has been travelling in a descending channel marked out in blue and has been consolidating for a few days. Price broke above the area of consolidation and made a black ascending channel to touch the top of the descending channel and while doing so it had a little breakout to the upside of the descending channel before price dropped out of the ascending channel back into the descending channel.
We believe price will now come back up to retest the inside of the descending channel at the 0.5 retracement level like it previously did like in the yellow eclipse previously
IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
AUDJPY RESISTANCE BREAK AND RETEST - DAILYAUDJPY was travelling in a horizontal channel until we saw a breakout to the upside a few days ago through the resistance zone. Price has now come back down to the 0.382 retracement level of the previous move upwards which is also where the previous resistance zone (now support) is. This indicates price is going up, but where?
Our target is at the top of the descending channel (marked out in thick blue lines) it has been travelling in which nicely lines up with the -0.27 extension level
