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Audjpydaily

AUDJPY prepare to buy on dips Buy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) before a further push up to 87.38 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above 1.5% where we expect a further bounce from.
Long
by MEX_Exchange
AUDJPY dropping nicely towards profit target, prepare to buyBuy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): Price has dropped perfectly towards our profit target. We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) before a further push up to 87.38 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above 1.5% where we expect a further bounce from.
Long
by MEX_Exchange
AUDJPY profit target has been reached perfectly, prepare to sellSell below 87.39. Stop loss at 88.08. Take profit at 86.02 Reason for the trading strategy (technically): Price has bounced up perfectly from our buying area and has reached our profit target. We prepare to sell on major resistance at 87.39 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 86.02 support (Fibonacci retracement, horizontal swing low support). Stochastic (21,5,3) is seeing resistance at 93% and we expect a corresponding reaction off that level similar to the one we expect on price.
Short
by MEX_Exchange
AUDJPY profit target reached perfectly, prepare to buyBuy above 86.02. Stop loss at 85.71. Take profit at 86.94. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area to our profit target. We prepare to buy above major support at 86.02 (Fibonacci retracement, horizontal overlap support) for a push up to at least 86.94 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing major support above 2% where we expect a corresponding bounce from. Correlation analysis: We’re seeing JPY strength with drops on AUDJPY and EURJPY.
Long
by MEX_Exchange
1
AUD/JPY 1H Chart: Channel UpAUD/JPY 1H Chart: Channel Up The Australian Dollar is advancing against the Japanese Yen in a short-term ascending channel that started to form after the currency pair stopped to move in a downtrend and changed the direction near 85.52. At the moment, it consists of two reaction highs and two reaction lows and, thus, has reached maturity. For this reason, dissolution of the pattern might happen as soon as the currency rate will reach a combined resistance level set up by the weekly R1 at 87.69 and the monthly PP at 87.78. Even though the market sentiment remains 69% bearish, a summary of technical indicators for the upcoming five and twenty four hours sends a strong buy signal. This might be a sign that the pair has entered into a solid medium-term uptrend.
by UnknownUnicorn890690
AUDJPY testing major resistance, remain bearish Sell below 87.39. Stop loss at 88.08. Take profit at 86.32. Reason for the trading strategy (technically): Price is testing major resistance at 87.39 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a reaction from this level for a drop to at least 86.32 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where we expect to see a corresponding reaction in price from. Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.
Short
by MEX_Exchange
AUDJPY testing major resistance, remain bearish Sell below 86.57. Stop loss at 85.42. Take profit at 87.17. Reason for the trading strategy (technically): Price is back to testing our selling area. We remain bearish looking to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 91% and has reversed nicely from there. Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.
Short
by MEX_Exchange
1
AUDJPY reversing nicely below our selling area, remain bearish Sell below 86.57. Stop loss at 85.42. Take profit at 87.17. Reason for the trading strategy (technically): Price dropped really nicely from our selling area yesterday. We remain bearish looking to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 91% and also intermediate resistance at 64%. Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.
Short
by MEX_Exchange
AUDJPY profit target reached perfectly, prepare to sell Sell below 86.57. Stop loss at 85.42. Take profit at 87.17. Reason for the trading strategy (technically): Price has shot up perfectly from our buying are and has reached our profit target. We prepare to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 91% and we expect a drop from here. Correlation analysis: We’re seeing JPY strength with drops on AUDJPY and EURJPY.
Short
by MEX_Exchange
AUDJPY approaching strong support, prepare to buy Buy above 85.68. Stop loss at 85.29. Take profit at 86.33. Reason for the trading strategy (technically): Price is approaching major support at 85.68 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and we expect to see a bounce above this level for a corrective move up to at least 86.33 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is approaching major support at 1.2% where we expect a bounce from. Correlation analysis: We’re seeing bounces both on AUDJPY and EURJPY.
Long
by MEX_Exchange
AUDJPY start buying for a strong push upBuy above 86.79. Stop loss at 86.49. Take profit at 87.36. Reason for the trading strategy (technically): Price has formed a cup and handle reversal pattern signalling that we’ll be seeing a strong bounce from here. We look to buy above 86.79 support (Fibonacci retracement, horizontal pullback support) for a push up to at least 87.36 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is bouncing nicely off our 3.7% level with good upside potential. Correlation analysis: We are seeing JPY weakness across the board with bounces expected on AUDJPY and USDJPY.
Long
by MEX_Exchange
AUDJPY approaching major support, prepare to buyBuy above 87.04. Stop loss at 86.85. Take profit at 87.52. Reason for the trading strategy (technically): Price has continued to drop strongly since yesterday. The key now is to wait for a major support level to buy from. We are seeing major support at 87.04 (multiple Fibonacci extensions) and expect to see a short term corrective bounce above this level to at least 87.52 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support at 3.7% where we expect a corresponding bounce from. Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY.
Long
by MEX_Exchange
AUDJPY remain bullish with price testing pullback supportBuy above 87.53. Stop loss at 87.32. Take profit at 88.02. Reason for the trading strategy (technically): We remain bullish looking to buy above major support at 87.53 (Fibonacci retracement, horizontal swing low support, pullback support) for a push up to at least 88.02 resistance (Fibonacci retracement, horizontal swing high resistance). RSI (34) has broken out of a descending resistance-turned-support line signalling that a change in momentum is fast approaching. Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY.
Long
by MEX_Exchange
AUDJPY profit target reached for the 5th time, prepare to buy Buy above 87.80. Stop loss at 87.48. Take profit at 88.25. Reason for the trading strategy (technically): Price has bounced perfectly and reached our profit target for the 5th time in a row. We remain bullish looking to buy on the break of our 87.80 resistance (Fibonacci retracement, horizontal overlap resistance). Once price has broken this level with strength, we look to play the rise to 88.25 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance). RSI (34) has broken out of a descending resistance-turned-support line signalling that a change in momentum is fast approaching. Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY.
Long
by MEX_Exchange
AUDJPY profit target reached for the 4th time, prepare to buyBuy above 87.36. Stop loss at 87.12. Take profit at 87.80. Reason for the trading strategy (technically): Price has dropped nicely and reached our profit target for the 4th time in a row yesterday. We prepare to buy for a small correction above support at 87.36 (Fibonacci extension, bullish price action) for a push up to at least 87.80 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing intermediate support above 10.14% where we expect a bounce from. Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY
Long
by MEX_Exchange
1
AUDJPY profit target reached once again, turn bearish Sell below 88.31. Stop loss at 88.58. Take profit at 87.71. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly. We prepare to sell below 88.31 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 87.71 support (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is seeing intermediate resistance below 85% where we expect a drop from. Correlation analysis: We are seeing intermediate JPY strength with corrections expected on AUDJPY and EURJPY.
Short
by MEX_Exchange
AUDJPY profit target reached perfectly, prepare to buyBuy above 87.71. Stop loss at 87.44. Take profit at 88.34. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 87.71 (Fibonacci extension, horizontal swing low support, Fibonacci retracement) for a push up to at least 88.34 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 2.3% where we expect a bounce from. Correlation analysis: We are seeing JPY weakness across the board with bounces expected on USDJPY, AUDJPY and EURJPY.
Long
by MEX_Exchange
AUDJPY approaching profit target, remain bearishSell below 88.34. Stop loss at 88.70. Take profit at 87.65. Reason for the trading strategy (technically): Price has continued to drop nicely towards our profit target. We remain bearish looking to sell below 88.34 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a further push down to at least 87.65 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing intermediate resistance below 45% where we expect a further drop from. Correlation analysis: We are seeing JPY strength with AUDJPY and EURJPY expecting drops.
Short
by MEX_Exchange
AUDJPY dropping perfectly from our selling area, remain bearish Sell below 88.83. Stop loss at 89.35. Take profit at 87.65. Reason for the trading strategy (technically): Price has reached our selling area and dropped perfectly from there towards our profit target. We remain bearish looking to sell below 88.83 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 87.65 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 95% and we also see a bearish exit signalling that a change in momentum has occurred. It still has some downside potential that goes in line with the drop we’re expecting on price. Correlation analysis: We are seeing JPY strength with AUDJPY and USDJPY expecting drops.
Short
by MEX_Exchange
AUDJPY remain bearish for a further dropSell below 88.83. Stop loss at 89.35. Take profit at 87.65. Reason for the trading strategy (technically): Price has broken a really nice ascending support-turned-resistance line triggering a bearish move. We prepare to sell below 88.83 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 87.65 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 95% and we also see a bearish exit signalling that a change in momentum has occurred. Correlation analysis: We are seeing JPY strength with AUDJPY and USDJPY expecting drops.
Short
by MEX_Exchange
1