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Audjpylong

AUDJPY - Bullish BiasAUD - BULLISH 1️⃣ Prime Minister Scott Morrison said Thursday that the country's regulator is expected to approve the use of Pfizer's COVID-19 vaccine by the end of January, with the first doses issued within weeks. 2️⃣ The positive risk tone boosted the antipodeans. JPY - BEARISH 1️⃣ Prime Minister Yoshihide Suga declared a state of emergency in the Tokyo metropolitan area, authorizing more robust measures to fight a recent surge in coronavirus infections as Japan reported a record 7563 new cases on Thursday. 2️⃣ The positive risk tone pressured the safe-haven JPY. ===== Technical ===== We are looking to buy the AUDJPY at the support of 80.500 + above SMA 50 on the H1 chart.
Long
by MonsunAsia
Possible trend shift in AUDJPY – going long The Tidal Shift Strategy has just bought AUDJPY at 80.46. The system recommends entering this trade at any price between 80.273 and 80.647. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.017, which suggests that the AUDJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.15, so the stop loss has been set at 79.712. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 74592 Time Issued: Thursday, 07 January 2021 02:00:16 GMT Status: open Entry: 80.273 - 80.647 Limit: N/A Stop Loss: 79.712 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
7
AUDJPY - Bullish BiasAUD - BULLISH 1️⃣ Investors pushed the US Dollar to fresh 31-month lows as the Federal Reserve reiterated its commitment to support the US economy, holding interest rates at record lows and promising to maintain its massive asset purchase program until it sees “substantial further progress” in employment and inflation. 2️⃣ The seasonally adjusted unemployment rate was 6.8% in November 2020, the lowest jobless rate since August, while new home sales jumped 15.2% over the same period, setting a new decade high and after a 1.3% fall a month earlier. JPY - BEARISH 1️⃣ Tokyo reported a record high 822 new COVID-19 cases on Thursday, the Tokyo Metropolitan Government said, raising its alert for the strain on the medical system to the highest of four levels. 2️⃣ Positive risk tone could pressure the JPY. ===== Technical ===== We are looking to buy the AUDJPY at RBS of 78.400 + above SMA 50 on the H1 chart.
Long
by MonsunAsia
1
AUDJPY - Bullish BiasAUD - BULLISH 1️⃣ US Senate Majority Leader Mitch McConnell pledged to get a fiscal stimulus deal done before Congress leaves for the holidays. 2️⃣ Demand for riskier currencies was boosted by hopes that a rollout of coronavirus vaccines will support global economic recovery. 3️⃣ The IHS Markit Manufacturing PMI rose to 56 in December from 55.8 in November, the sixth straight month of expansion and the highest since July, while the Services PMI also posted the highest reading in five months and the fourth consecutive expansion. 4️⃣ The Westpac-Melbourne Institute Leading Economic Index rose by 0.5% month-over-month in November. JPY - BEARISH 1️⃣ Japan recorded a trade surplus of JPY 366.8 billion in November, the fifth straight month of surplus, as exports fell by 4.2% while imports dropped at a faster 11.1%. 2️⃣ Positive risk tone will pressure the JPY. ===== Technical ===== We are buying the AUDJPY at the support of 78.200 + around SMA 50 on the H1 chart.
Long
by MonsunAsia