AUDJPY 24 FEB 2023As per Dow Theory this setup seems to form new Lower Low on 4hrs frame. As per daily Chart AUDJPY failing to make new highs since 13 SEP 22. On 20 Dec 22 price fall to make a new Lower low which is the confirmation of trend reversal. Strategy would be Short on strength on Lower time frames
Trade Plan
Short Call :
Entry Price : 91.734
Stop Loss : 93.237
Target Price 1 : 90.228
Target Price 2 : 88.748
( Lot Size 0.09 as per Capital of USD 10000 1% Risk)
Audjpysignal
DeGRAM | AUDJPY bullish opportunityAUDJPY is trading in the ascending channel, but the market is consolidating.
The market pulled back to the support level and global dynamic support.
We expect a retest of the resistance level since we have a consolidating market and the trend is obviously bullish.
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DeGRAM | AUDJPY short opportunityAUDJPY is consolidating between 91.500 and 90.500.
The market tested 50% fibo level. JPY pairs love 50% retracement.
Price at confluence level where: resistance at 91.500 + fibo level and dynmaic resistance.
We expect bearish move from confluence zone.
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DeGRAM | AUDJPY false break of the resistanceAUDJPY is consolidating between 92.000 and 88.000.
The market closed below the resistance level of 91.500, which was tested several times.
Price consolidated around the level before being pushed lower.
We will look for selling opportunities because of the pullback within the global bearish trend .
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AUDJPY(01/31/2023)HI Dear
Open Position : 91.600
S/L :92.600
Take Profit : 89.300
The pressure on the Australian dollar is exerted by data on retail sales in the country: in December, their volume decreased by 3.9% and significantly exceeded the 0.3% decrease expected by experts, which was the most significant drop in the indicator in more than two years. The negative dynamics reached a more than two-year high, indicating a fall in household spending due to high inflation (7.8%) and the “hawkish” monetary policy of the Reserve Bank of Australia (RBA), which complicates the regulator's task to strike a balance between further struggle with rising prices and maintaining momentum for economic growth. However, the recovery of the Chinese economy may have a positive impact on the situation: experts believe that the lifting of quarantine measures will lead to an increase in demand for commodities, including Australian coal, as well as an increase in the flow of tourists and students to Australia, which will support the service sector.
Best Regards.
AudJpy- the break should be clear now. 95 in focusJpy made some flick-flacks at the beginning of the year and, in AudJpy's case, after an initial break of resistance, dropped again in support and quickly reversed to resistance.
After yesterday's small consolidation and inside day, the price broke up and this time I believe we will have a continuation to the upside.
Price needs to stay above 91 and, in this instance, 95 is the target
DeGRAM | AUDJPY opportunity to sellAUDJPY made massive sell off and now price is pulling back to resistance level.
The market is clearly in a downtrend, and we are looking for selling opportunities.
Price has broken out of the ascending channel and is now retracing to psychological level 89.000.
We will look for selling opportunities because of the pullback within the global bearish trend .
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AUDJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
These days, AUDJPY is becoming somewhat DOW due to MARKET RISK OFF. The reason for that was that the MARKET SENTIMENT was somewhat NEGATIVE with FED UPDATES. The YEILD of JPY 10Y BOND was increased at today's BOJ MEETING. Because of that, XXXJPY CURRENCIES went down very fast. It still has an effect. Anyway, they said that the BOJ MONETARY POLICY will be relaxed even more. Therefore, after JPY becomes PRICE, XXXJPY PRICES may be UP in the future. Even now, we see that the MARKET has somewhat MARKET RISK OFF. We expect AUDJPY to RETRACE to higher resistance.
Anyway, if the AUDJPY goes upside down again, the VIX should go down and the JPY should go up, and STOCKS should go up. The dollar should continue to strengthen as it has in recent days. If the MARKET RISK continues to be OFF, you can definitely SELL at 88.02 LEVEL. But somehow, after that, AUDJPY may go up to 92.90 LEVEL. Anyway, if JPY becomes WEAK, if the UP SIDE STRUCTURE is BREAK, there is a very good situation to BUY AUDJPY.
To buy AUDJPY, VIX must be DOWN and SNP500 must be UP. Further, the TREND LINE should be BREAK. And COMMODITIES should definitely be UP. We are waiting for the change in the above mentioned MARKETS.
If the dollar is strengthened by the FED, MARKETS RISK should be off. Then after JPY STRONG, AUDJPY can be LONG TERM BUY.
AUDJPY 6h shortDear friends,
Welcome to another analysis.
Here I'd like to short my AUDJPY pairs. Currently the price is travelling in a downtrend. Price is in the verge of a breakout. But the down trendline is very strong. Chances of breakout failure is high. Now all the AUD currency is at the resistance. So, the price is likely to fall further after the US market opens.
If you look at this chart the price has a strong resistance to retest to go to the downside. Price is constantly testing the down trendline on the upside but unable to break it. So, it is likely to fall further. 1:2 RR is more than enough for a profitable trade. But more than 1:2 can be expected. Till 88.470 there is no support.
Price has formed the double bottom at the end of the down trendline. A little bit of chance that this double bottom can hold this down trend fall. Currently there is a normal buying pressure. So, sellers can open their short position.
Look at the chart attached for a better clarity. Avoid buying in breakout as there is a resistance. So, buyers can be trapped easily.
But it is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
AudJpy- A really beautiful chart suggeting a rise to 95In my video from Saturday, I discussed that traders should look very closely at Jpy pairs because a resumption of the long-term bullish trend could have started, and on my Monday written analysis I draw attention to AudJpy that was on the verge of an upbreak above double bottom's neckline.
This, indeed, happened and this break is also confirmed at this moment.
Continuation to the upside is probable at this moment and, after a clear break above the falling trend line's resistance, the pair could reach the 95 zone.
93 is also a resistance level that you should be aware of if, indeed, we continue to the upside.
A drop back under the broken level would negate this bullish scenario.
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY
These days, AUDJPY is becoming somewhat DOW due to MARKET RISK OFF. The reason for that was that the MARKET SENTIMENT was somewhat NEGATIVE with FED UPDATES. The YEILD of JPY 10Y BOND was increased at today's BOJ MEETING. Because of that, XXXJPY CURRENCIES went down very fast. It still has an effect. Anyway, they said that the BOJ MONETARY POLICY will be relaxed even more. Therefore, after JPY becomes PRICE, XXXJPY PRICES may be UP in the future. Even now, we see that the MARKET has somewhat MARKET RISK OFF. We expect AUDJPY to RETRACE to higher resistance.
Anyway, if the AUDJPY goes upside down again, the VIX should go down and the JPY should go up, and STOCKS should go up. The dollar should continue to strengthen as it has in recent days. If MARKET RISK continues to be OFF, you can definitely SELL at 89.26 LEVEL. But somehow after that, AUDJPY may go UP to 95.04 LEVEL. Anyway, if JPY becomes WEAK, if the UP SIDE STRUCTURE is BREAK, there is a very good situation to BUY AUDJPY.
To buy AUDJPY, VIX must be DOWN and SNP500 must be UP. Further, the TREND LINE should be BREAK. And COMMODITIES should definitely be UP. We are waiting for the change in the above mentioned MARKETS.
If the dollar is strengthened by the FED, MARKETS RISK should be off. Then after JPY STRONG, AUDJPY can be LONG TERM BUY.
DeGRAM | AUDJPY sell off AUDJPY made massive sell-off, and now the price is moving down after breaking out of the channel.
The market broke and closed below the psychological level of 89.000.
We will look for selling opportunities because the market is clearly in a downtrend.
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DeGRAM | AUDJPY opportunity to sellAUDJPY made massive sell off and now price is pulling back.
The market is clearly in downtrend.
Price is trading in the ascending channel , and now it's pulling back to recent resistance.
We will look for selling opportunities because of the pullback within the global bearish trend .
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Share your opinion in the comments and support the idea with Like. Thanks for your support!