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Audjpylong

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.
Short
by JustTradeSignals
11
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.
Long
by SmoothJB
Japanese Yen - Why The Yen is Fundamentally WeakThe Japanese Yen is fundamentally weak as low inflation in Japan is causing the Bank of Japan to keep interest rates low, at a time when other central banks in the U.S, Canada, Australia, New Zealand and the UK are raising rates to deal with high inflation in their domestic economies. The interest rate differentials and divergence in monetary policy are forcing Japanese Investors to sell the Yen in exchange for currencies that pay a premium interest rate on Government and corporate bonds.
Short
by KayansMarkets
2
AUDJPY | The best scenario for correction📝Hello traders , AUDJPY in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. In this symbol, waves 1, 2, 3 and possibly wave 4 are formed and now we are inside wave 5, As we said, we considered wave 5 as a leading triangle, and from this wave, waves 1, 2 and 3 are formed very normally. But Wave 4 has corrected Wave 3 more than usual, making it somewhat unreliable. ... Given that Wave 4 reacts very well to the beginning of Wave 3, it considers the same scenario, and we think this recent ascent is for Wave 5 of 5. Wave 5 of 5, like the previous waves of the triangle, is formed in the form of three waves, and from these three waves, wave a is being formed. Wave a is currently an expanding leading triangle that is inside wave 5. To complete this, wave 5 must make a slightly higher upward move than the end of wave 3, and this move was confirmed when the trend line was broken upwards in the previous analysis. Now the ratio of waves 1 to 3 from a to 5 is equal to Fibo 1.00 for wave v and we expect correction. In the first stage of this correction, we consider the black channel floor and in the second stage, the orange channel floor. We still have the mentality that it is inside the 4 main wave, this wave is probably formed in the form of a triangle, and this decrease that we think will occur is related to the e wave of this triangle. If Fibo 1.00, ie the range of 85,500 is broken upwards, we should not insist on starting this correction. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by mahdisoltaninjad
4