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Audjpydaily

AUDJPY profit target reached perfectly, prepare to sellSell below 89.25. Stop loss at 89.67. Take profit at 87.91. Reason for the trading strategy (technically): Price touched our buying area and shot up perfectly to our profit target. We prepare to sell below 89.25 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 87.91 support (Fibonacci retracement, horizontal overlap support) RSI (34) sees horizontal resistance at 64% and we expect a reaction off this level to push price down correspondingly.
Short
by MEX_Exchange
AUDJPY approaching strong support, prepare to buyBuy above 87.91. Stop loss at 87.45. Take profit at 88.56. Reason for the trading strategy (technically): Price is approaching major support at 87.91 (Fibonacci retracement, horizontal pullback support) and we expect a strong bounce from this level to push price up to at least 88.56 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) still remains above our ascending support which is holding up our bullish momentum really nicely. Only a break of that ascending support line would trigger a bearish change in momentum.
Long
by MEX_Exchange
AUDJPY approaching strong support, prepare to buyBuy above 87.91. Stop loss at 87.45. Take profit at 88.56. Reason for the trading strategy (technically): Price is approaching major support at 87.91 (Fibonacci retracement, horizontal pullback support) and we expect a strong bounce from this level to push price up to at least 88.56 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) still remains above our ascending support which is holding up our bullish momentum really nicely. Only a break of that ascending support line would trigger a bearish change in momentum.
Long
by MEX_Exchange
AUDJPY profit target reached once again, prepare to sellSell below 87.86. Stop loss at 88.28. Take profit at 86.67. Reason for the trading strategy (technically): Price has bounced up perfectly as expected and has reached our profit target. We prepare to sell on major resistance at 87.86 (Fibonacci extension, horizontal swing high resistance, fill price gap) for a strong drop to at least 86.67 support (Fibonacci retracement, horizontal swing low support, fill price gap). RSI (34) sees a long term descending resistance as immediate resistance.
Short
by MEX_Exchange
AUDJPY profit target reached perfectly, prepare to buy againBuy above 86.55. Stop loss at 86.11. Take profit at 87.78. Reason for the trading strategy (technically): Price has bounced up perfectly to our profit target from last week. Today we prepare to buy above major support at 86.55 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) for a bounce up to at least 87.78 resistance (price gap, horizontal resistance). RSI (34) is seeing ascending support holding up our bullish momentum really well.
Long
by MEX_Exchange
AUDJPY remain bullish as we continue to test supportBuy above 86.92. Stop loss at 86.52. Take profit at 87.61. Reason for the trading strategy (technically): Price has continued to test our buying area yesterday. We prepare to buy above major support at 86.92 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 87.61 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing strong support above 3.9% where we expect a bounce from.
Long
by MEX_Exchange
AUDJPY gapped down to our profit target. Prepare to buy Buy above 87.00. Stop loss at 86.52. Take profit at 87.78. Reason for the trading strategy (technically): Price has gapped down to our profit target perfectly. We prepare to buy above major support at 87.00 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 87.78 resistance (Fibonacci extension, horizontal swing high resistance, price gap). Stochastic (34,5,3) is seeing strong support above 3.9% where we expect a bounce from.
Long
by MEX_Exchange
AUDJPY dropping perfectly as expected, remain bearish Sell below 87.74. Stop loss at 88.06. Take profit at 86.48. Reason for the trading strategy (technically): Price has reached our selling area and dropped perfectly from there. We remain bearish looking to sell below major resistance at 87.74 (Fibonacci retracement, Fibonacci extension) for a push down to at least 86.48 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is reacting nicely off our 95% resistance.
Short
by MEX_Exchange
AUDJPY profit target reached once again, prepare to sellSell below 87.74. Stop loss at 88.06. Take profit at 86.48. Reason for the trading strategy (technically): Price has reached our profit target once again. We prepare to sell below major resistance at 87.74 (Fibonacci retracement, Fibonacci extension) for a push down to at least 86.48 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing resistance at 95% where we expect a corresponding drop similar to the one we’re expecting on price.
Short
by MEX_Exchange
AUDJPY profit target reached perfectly, prepare to buy Buy above 85.45. Stop loss at 85.15. Take profit at 86.44. Reason for the trading strategy (technically): Price has touched our selling area and dropped perfectly as expected. We prepare to buy above major support at 85.45 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 86.44 resistance (Fibonacci retracement, horizontal pullback resistance, descending resistance). RSI (55) sees an ascending support line holding the bullish momentum in price.
Long
by MEX_Exchange
AUDJPY profit target reached prepare to sell Sell below 87.00. Stop loss at 87.25. Take profit at 86.01. Reason for the trading strategy (technically): Price has shot up perfectly and reached our first profit target. We prepare to sell below major resistance at 87.00 (Fibonacci retracement, descending resistance, horizontal overlap resistance, bearish price action) for a push down to at least 86.01 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 94% and we expect a corresponding reaction similar to the one we’re expecting on price.
Short
by MEX_Exchange
AUDJPY bounced perfectly from our buying area, remain bullish Buy above 86.37. Stop loss at 86.01. Take profit at 87.01 and 87.38. Reason for the trading strategy (technically): Price has touched our buying area before shooting up perfectly as expected. We remain bullish above 86.37 support (Fibonacci retracement, horizontal overlap support, bullish exit) for a further push up to at least 87.01 resistance (Fibonacci retracement, horizontal overlap resistance) before 87.38 resistance (Fibonacci retracement, horizontal overlap support, FIbonacci extension). We also move our stop loss to 86.01 to protect our profits. Stochastic (34,5,3) sees a recent bullish exit of its descending resistance-turned-support line signal a change in momentum to bullish.
Long
by MEX_Exchange
AUDJPY approaching major support, 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): 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 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