Audjpylong
AUD/JPY Ascending TriangleThe AUD/JPY is at the yearly high. Having successfully crafted an Ascending Triangle pattern to confirm the presence of buyers in the market amid the peace talk between Russia and Ukraine.
Technically - If the price gives a sound rebound above the 94.00 psychological level, the pair could experience another surge in price and mark 96.55 as the next stop or move further ahead to 2015 high.
AUDJPY | RANGE IN PLAYAUDJPY | RANGE IN PLAY
AUDJPY after making a high of 94.325, price drop sharply and bulls push it again to make same high with double top pattern.
Since then we see rejection in the price. Currently price is consolidating in a range. We are expecting this range will give a breakout below and price can see the 91 level again.
Trade your levels accordingly.
AUD/JPYOver the past week and during the calendar month of March, the Australian Dollar has been the strongest currency while the Japanese Yen has been the weakest. This currency cross is at the heart of the Forex market now. The Yen is weak as the Bank of Japan wants to bring inflation up to 2%, while the Australian Dollar is strong on improved global risk sentiment and a relatively buoyant commodities sector concerning Australian exports.
Technically, the price has powered to a new 6.5-year high, again making a very strong rise last week – this was the biggest weekly rise in this currency cross seen in many years.
AUDJPY LongHey traders, in the coming week we are monitoring AUDJPY for a buying opportunity around 91.6 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
AUDJPY Technical Outlook AUD/JPY has tested levels unseen since August 2015. Technical indicators are biased higher, scope for continuation of the bullish run. Next major bull target lies at 76.4% Fib retracement at 94.68.
Price action has spiked past 200-month MA raising scope for further gains
The pair has broken above 61.8% Fib retracement at 88.02
Stochs and RSI are sharply higher, momentum is bullish
AUDJPY | HARMONICS IN PLAY?AUDJPY after being trading under the horizontal level of 86 since Feb 2018, we see a clean breakout from the level on 16th March 2022.
Now the Hot Question is: Where will be the top?
If you see on the chart, we have showed crab pattern which shows bearish reversal on 91 to 92 region which is also the weekly resistance zone.
The indicator RSI is also reaching the top of the zone and we can see a drop if the bulls continue to long.
Alternatively, If weekly resistance taken out then 100 level is on the card.
Play your levels accordingly.
AUDJPY | BEARISH REVERSALAUDJPY has given a breakout from 86 level which has been the strong resistance in the past. Since then it has rise more than 400 pips with no weakness.
We have a harmonic bat pattern which can be the reversal point for the pair.
Good Luck for Live Trade
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AUDJPY Short Term Trade.Here is my Idea on AUDJPY for a long Trade. Very low Risk and high Profit.
I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade.
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AUDJPY | RISING WEDGE AUDJPY has been trading in a rising wedge formation and currently it took a beating from the top of the wedge. We are expecting price will drop almost 100 pips from here to the bottom of the wedge.
Alternatively, breaking above will call for more bulls in the party and pair can trade to ATH
Trade your levels accordingly.
AUD/JPYOver the past week and during the calendar month of March, the Australian Dollar has been the strongest currency while the Japanese Yen has been the weakest. This currency cross is at the heart of the Forex market now. The Yen is weak as the Bank of Japan wants to bring inflation up to 2%, while the Australian Dollar is strong on improving global risk sentiment and a relatively buoyant commodities sector concerning Australian exports.
Technically, the price has powered to a new 4-year high price, but bulls should be warned this currency cross can turn sour very quickly, especially if there is any surprising escalation in Ukraine.