Audjpylong
AUDJPY BULLS IN CONTROL AS RATES RAISEDThe Reserve Bank of Australia (RBA) has adopted a hawkish stance on interest rates.
The RBA raised its OCR by 50 basis points to 0.85 percent, above the 25 basis point rise predicted.
In April, the Australian economy added only 4k jobs, compared to the 30k predicted. As a result, market participants saw a 25 basis point rate increase as merely tightening monetary policy.
Meanwhile, the Bank of Japan's (BOJ) ultra-easy monetary policy will continue to haunt the yen bulls.
BOJ Kuroda's intervention fails despite the fact that the pair is overbought.
Haruhiko Kuroda, Governor of the Bank of Japan (BOJ), interjected verbally, stating that the large yen depreciation in a short period of time is detrimental to the Japanese economy.
AUDJPY: Wait for the dip?!AUDJPY
Intraday - We look to Buy at 93.00 (stop at 92.10)
Previous support located at 93.50. Previous resistance located at 94.50. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 94.50 will confirm the bullish momentum.
Our profit targets will be 95.00 and 95.50
Resistance: 94.50 / 95.00 / 95.50
Support: 93.50 / 93.00 / 92.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
AUDJPY Long AnalysisFundamentally, covered in previously post looking to buy up AUD pairs. JPY has been fundamentally weak and swings aggressively on risk-on/off sentiment.
Technically, looking for an interesting area of Asian low induced wick to have a possible buy entry buying up to the previous swing high with trend line liquidity above that might bring price to full take profits (TP).
AUDJPY | Perspective for the new weekConsidering the long term bullish momentum on this pair, I want to be looking out for buying opportunities in the new week as a breakout/retest of the Key level at 91.000 area shall be a signal for me to buy the Aussie.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
AUDJPY: Dip buy offers better rewards?!AUDJPY
Intraday - We look to Buy at 91.50 (stop at 90.60)
Previous support located at 92.00. Previous resistance located at 93.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 91.50, resulting in improved risk/reward. A move through 93.00 will confirm the bullish momentum.
Our profit targets will be 93.50 and 94.00
Resistance: 93.00 / 93.50 / 94.00
Support: 92.00 / 91.50 / 91.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
AudUsd to resume its uptrendAfter the high made on the 20th of March started to correct, this correction continued into May and on the 17th of May, we have a bottom and reversal.
Yesterday the pair has broken above an important confluence resistance and at this point, we can consider that the pair is resuming its long-term uptrend.
91 zone should provide support now and in this zone, traders should look for opportunities to buy.
94 is a decent profit target and negation comes if we have a break under support
AUDJPY LONGAUDJPY is moving in the Descending channel and the Market has reached the Lower high area of the channel. Also there is a breakout on the upper trend line on the H4. we expecting the pair to retest the key levels listed on the chart.
We taking this trade based on technical analysis and price action.
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
Please like and share for more useful content:
AUD/JPY Finally Closed Above Our Res, Long Setup Valid, 200 PipsThis 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
AUDJPY - LONG
Hey,
New to Elliot Wave Theory so hoping I've got this correct, still trying to get my head round it. Any advice would be appreciated.
Price just broke out of the contracting triangle at the end of sub wave 4 of wave 3. So I'm expecting a price to rise to complete sub wave 5 of wave 3 before having a deeper correction for Wave 4.
I've opened a long trade based off this analysis and my target is .618 zone.
Great entry AUDJPYI made a setup for this trade last night, however I didn't place it as I had a comfortable profit of about 2% for the day and was going away from my desk, annoyed I didnt place it, however its still nice to see your analysis being correct! Very nice trade, not dipping into the L area and just tipping over the TP before reversing.
AUDJPY:Intraday dip buying!AUDJPY
Intraday - We look to Buy at 89.25 (stop at 88.35)
Intraday signals are mildly bullish. There is scope of limited selling at the open. Support at 89.00 should stem any dips in that zone. Dip buying offers good risk/reward returns on an intraday basis. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 91.25 and 91.50
Resistance: 91.00 / 91.25 / 91.50
Support: 90.00 / 89.25 / 89.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Wed 18th May 2022 AUD/JPY Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/JPY Buy. Enjoy the day all. Cheers. Jim
AUDJPY: Will AUDJPY Confirm Its Bull Run?
AUDJPY is forming a contracting triangle.
Price had completed the (D) wave, and I have given the short-term selling targets of wave (E) of wave ((4)).
In my previous article, I have mentioned that "Wave (E) can complete between 0.618 to 0.786% Fibonacci levels.
That's why a trader can expect the following targets for wave (E) 83.44-82.50-81.03 as targets of wave ( E)".
Price has reached all targets of wave (E).
Click Here to read the previous article:
The ending point of wave (E) is the starting point of an impulsive cycle.
Due to bearish sentiments, the price may touch the A-C trendline and start the bullish move.
Safe traders can enter after price make an excess on the lower band of the channel.
They can expect the following targets 82.565 - 83.850 - 84.185+.
Invalidation: Breakdown of the A-C trendline .
Buy the retracement on AUDJPYHello traders
At the previous week's low, a bullish Order Block has been created which has led to the creation of a breaker block.
After the price rallied up high it retested the breaker block and created a bullish order block within it. I look forward to see the price rally higher to take out the liquidity on the upside.