AUDJPY bearish, chances of rate cuts by RBA|Fundamental AnalysisDue to the ongoing trade war, AUD is overall bearish this week. This may result in rate cuts by RBA tomorrow which will weaken the AUD even more.
JPY, on the other hand, tends to benefit from the ongoing trade war and will remain the safe-haven currency.
We can also see a triangle pattern and consolidation on the pair which may lead to an even bigger fall.
Audjpysell
AUDJPY Fundamental Analysis – September 2nd 2019Here are the key factors to keep in mind today for Australian Dollar trades:
Australian AiG Performance of Manufacturing Index: The Australian AiG Performance of Manufacturing Index for August was reported at 53.1. Forex traders can compare this to the Australian AiG Performance of Manufacturing Index for July which was reported at 51.3.
Australian CBA Manufacturing PMI: The Final Australian CBA Manufacturing PMI for August was reported at 50.9. Economists predicted a figure of 51.4. Forex traders can compare this to the previous Australian CBA Manufacturing PMI for August which was reported at 51.6.
Australian CoreLogic House Prices: Australian CoreLogic House Prices for August increased by 1.0% monthly. Forex traders can compare this to Australian CoreLogic House Prices for July which increased by 0.1% monthly.
Australian TD Securities Inflation: Australian TD Securities Inflation for August was reported flat at 0.0% monthly and increased by 1.4% annualized. Forex traders can compare this to Australian TD Securities Inflation for July which increased by 0.3% monthly and by 1.8% annualized.
Australian Consumer Inflation Expectations: Australian Consumer Inflation Expectations for September increased by 3.2% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for August which increased by 3.5% annualized.
Australian Inventories and Company Operating Profits: Australian Inventories for the second-quarter decreased by 0.9% quarterly and Australian Company Operating Profits increased by 4.5% quarterly. Economists predicted an increase of 0.2% and of 2.0%. Forex traders can compare this to Australian Inventories for the first-quarter which increased by 0.7% quarterly and to Australian Company Operating Profits which increased by 1.7% quarterly. Company Pre-Tax Profits for the second-quarter decreased by 0.3% quarterly. Forex traders can compare this to Company Pre-Tax Profits for the first-quarter which increased by 2.0% quarterly.
Australian ANZ Job Advertisements: Australian ANZ Job Advertisements for August decreased by 2.8% monthly. Forex traders can compare this to Australian ANZ Job Advertisements for July which increased by 0.8% monthly.
Chinese Caixin Manufacturing PMI: The Chinese Caixin Manufacturing PMI for August was reported at 50.4. Economists predicted a figure of 49.8. Forex traders can compare this to the Chinese Caixin Manufacturing PMI for July which was reported at 49.9.
Australian RBA Commodity Index: The Australian RBA Commodity Index for August increased by 6.2% annualized. Forex traders can compare this to the Australian RBA Commodity Index for July which increased by 15.0% annualized.
Here are the key factors to keep in mind today for Japanese Yen trades:
Japanese Company Profits and Japanese Company Sales: Japanese Company Profits for the second-quarter decreased by 12.0% annualized and Japanese Company Sales increased by 0.4% annualized. Forex traders can compare this to Japanese Company Profits for the first-quarter which increased by 10.3% annualized and to Japanese Company Sales which increased by 3.0% annualized. Japanese Capital Spending for the second-quarter increased by 1.9% annualized and Japanese Capital Spending excluding Software decreased by 1.7% annualized. Forex traders can compare this to Japanese Capital Spending for the first-quarter which increased by 6.1% annualized and to Japanese Capital Spending excluding Software which increased by 6.9% annualized.
Japanese Manufacturing PMI: The Final Japanese Manufacturing PMI for August was reported at 49.3. Forex traders can compare this to the previous Japanese Manufacturing PMI August which was reported at 49.5.
Japanese Vehicle Sales: Japanese Vehicle Sales for August increased by 4.0% annualized. Forex traders can compare this to Japanese Vehicle Sales for July which increased by 6.7% annualized.
Should price action for the AUDJPY remain inside the or breakout above the 71.100 to 71.800 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 71.450
Take Profit Zone: 73.900– 74.400
Stop Loss Level: 70.750
Should price action for the AUDJPY breakdown below 71.100 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 70.750
Take Profit Zone: 69.600 – 69.950
Stop Loss Level: 71.100
FUNDAMENTAL FACTORS FOR THE AUDJPYHere is the key factor to keep in mind today for Australian Dollar trades:
Australian CBA Manufacturing PMI, CBA Services PMI and CBA Composite PMI: The Preliminary Australian Manufacturing PMI for August was reported at 51.3. Forex traders can compare this to the Australian CBA Manufacturing PMI for July which was reported at 51.6.The Preliminary Australian CBA Services PMI for August was reported at 49.2. Forex traders can compare this to the Australian CBA Services PMI for July which was reported at 52.3. The Preliminary Australian CBA Composite PMI for August was reported at 49.5. Forex traders can compare this to the Australian CBA Composite PMI for for July which was reported at 52.1.
Here are the key factors to keep in mind today for Japanese Yen trades:
Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for the period ending August 16th was reported at ¥499.7B and Japanese Buying Foreign Stocks was reported at -¥105.6B. Forex traders can compare this to Japanese Buying Foreign Bonds for the period ending August 9th which was reported at ¥175.8B and to Japanese Buying Foreign Stocks which was reported at ¥62.0B. Foreign Buying Japanese Bonds for the period ending August 16th was reported at -¥52.1B and Foreigners Buying Japanese Stocks was reported at -¥359.6B. Forex traders can compare this to Foreign Buying Japanese Bonds for the period ending August 9th which was reported at ¥545.5B and to Foreigners Buying Japanese Stocks which was reported at -¥187.1B.
Japanese Nikkei Manufacturing PMI: The Preliminary Japanese Nikkei Manufacturing PMI for August was reported at 49.4. Forex traders can compare this to the Japanese Nikkei Manufacturing PMI July which was reported at 49.4.
Japanese All Industry Activity Index: The Japanese All Industry Activity Index for June decreased by 0.8% monthly. Economists predicted an decrease of 0.7% monthly. Forex traders can compare this to the Japanese All Industry Activity Index for May which increased by 0.5% monthly.
Should price action for the AUDJPY remain inside the or breakout above the 71.700 to 72.550 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 72.000
Take Profit Zone: 73.900– 74.800
Stop Loss Level: 70.950
Should price action for the AUDJPY breakdown below 71.700 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 71.400
Take Profit Zone: 69.750 – 70.000
Stop Loss Level: 72.000
AUD/JPY Quick Bearish Move!This is a smaller move so I'll be risking a little less as far as percent goes for this one.
I am looking for a break of the previous candle wick to get short and continue the bearish run we've been on. I've drawn out some partial take profit level to aim for along the way to the overall target.
As long as the trend stays valid however, I will keep some of this trade running, beyond the final target of this setup.
If we fail to break and hold lower, or if our bearish trend confirmations change, this setup may become invalidated.
I sold AUDJPYI to late to share with you but i want to make my first publication in english.
So this pair is clearly in a downtrend and is reacting very well to that downtrend line, i've allready took this trade yesterday and took it again today and it droped even faster than i expected.
I'll try to share with you more nanalysis and trades. I usually try to share earlier so that you have time to enter the trade as well if you like it.
So follow me if you want to learn and see my trades.
AUDJPY approaching support, potential for a bounce!
AUDJPY is expected to drop to 1st support at 75.140 where it could potentially react off and up to 1st resistance at 75.513.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDJPY: Potential Short Setup From 76.000Whats up everyone and welcome to this new trading idea!
Ive been quite for some time because of some personal issues, but this is another story! So i just want to feed you guys with another trading setup on the AUDJPY pair.
Price is creating a peak formation high and consolidation for a while, which indicates that something is going on here...
Im looking for shorts around the 76.000 level which will be hit in the near future. We have AUD news in a few hours so lets see if we can get price up there and then down. Risk to Reward on this trade is great!
Catch you guys on the next idea and hope everyone has a successful trading week!