AUDJPY Easy Long AUDJPY touches down on its daily value zone several times. Entry long with target in the 61.8 retracement area. 1 H Delta just before positive.
AUDJPY trade ideas
Potential bullish bounce?AUD/JPY is reacting off the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 106.65
1st Support: 107.83
1st Resistance: 107.83
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AUD_JPY LONG FROM SUPPORT|
✅AUD_JPY is trading along the rising support
And as the pair is retesting it
I am expecting the price to go up
To retest the supply levels above at 107.360
LONG🚀
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AUDJPY - Looking Toppish! BIG Drop Inbound!All JPY pairs look like they're at the very top of their patterns.
AUDJPY is currently confined within a parallel channel and we're at the very top of the pattern.
We are now looking for any reversal signs on lower timeframe to indicate that the top is in. There's a number of ways this can be done.
1. Trendline Break
Watch for price to break a trendline that price has been respecting
2. BOS
Watch for price to break a significant swing point
3. Moving Average break
Watch for price to break a moving average that has been respected well
Any of these could be the first signs that the reversal is taking place. If we get more than 1 signals, it will give us even greater confidence that the reversal is taking place.
These methods can be applied to any timeframe.
For the higher timeframe, the break of red trendline shown in the chart can be used as an indication that the reversal is taking place.
What do you guys think?
Goodluck and as always, trade safe!
AUDJPY - 27 Year Old Resistance Breakout - Bullish ContinuationFX:AUDJPY has broken through 27 year old resistance zones and currently undergoing a retracement! Expecting the bullish momentum to continue and will capitalise by plaicing a Buy Limit Order between Daily 0.618 and 0.786 Fib Levels!
AUDJPY is BearishPrice has given a strong breakout downwards and it seems that a lower high is almost printed indicating that bears are in control of the price action. If previous lower low is broken successfully, we can expect further dump in price. Targets are mentioned on the chart.
AUDJPY - LONG!Potential set up forming here!
AUDJPY
AUDJPY has been in a bullish movement for a few weeks now. As this move is begging to slow in momentum, we can see a continuation pattern forming; Ascending Triangle. Its important to note that these patterns are no guarantee in where price will move, but we can have a look at some factors which may suggest a bullish move soon.
What to Look Out for:
- Ensure all moving averages align with the current uptrend
- Indicator suggesting bullish movement (MACD)
- Looking for a 'straight line' resistance, and a support line where price is increasing (highlighted on the chart)
- A strong break out of the resistance zone (marked as 108.58); This is very important as we often see 'fake outs' occur here.
AUDJPYIn my opinion, the AUD/JPY currency pair is poised to decline in the coming days, continuing until it reaches the marked support level. Several factors contribute to this outlook, including recent economic data, market sentiment, and technical indicators. The Australian dollar may face pressure due to potential dovish signals from the Reserve Bank of Australia, while the Japanese yen could gain strength as a safe-haven asset amid global uncertainties. As a result, I believe that the AUD/JPY pair is likely to move downward in the near term, heading towards the specified support zone.
AudjpyAudjpy on 1 week and 1 day is on a uptrend but we have a change of structure on the 4h so we will be looking for short positions on audjpy
AUDJPY buy ideaAfter yesterday CPI news, the JPY yen crazily bullish move and is expected to start bearish journey..
Then AUDJPY bullish move will trigger..wait for perfect time to place trade and ride in profit.
Good luck followed are friends
SELL AUDJPYAfter days of pushing higher and higher AUDJPY is ready for pullback. In todays session we are monitoring for a strong drop from 108.800 to lows below 107.800 and subsequently 107.00 stops are above 109.100, Use proper risk management.
AUDJPYThis market has reached
an extreme high not seen
since '07. A quick view of this
on the Monthly show price eventually
dropped 5000 pips. There is a bearish
harami pattern forming on the weekly,
on the daily a massive bearish engulfing
candle has printed.RSI showing divergence
on 4hr. There is noticable
daily and 4hr imbalance, that i would like
to see filled and show a reaction before
going short.
This would be a counter trend because are still
bullish but this could be a good opportunity for
big win.
BUY THE DIP , all the dollar currency dipped because of the newsHeading towards recovery now, we dipped because news were bad for the entire dxy currency basket , so lets hope we gona start recovery from here!
AUDJPY SELL SETUPThe AUD/JPY pair presents a promising sell setup.
The Australian Dollar is anticipated to weaken against the US Dollar, similar to how other major currencies have weakened in recent weeks. Meanwhile, Japan is highly likely to intervene to prevent the Yen from depreciating further in the coming days.
GOLD and impact of cpi newsXAUUSD has hit all our bullish targets.
In our last analysis we have explained that if 2370 is not hit then the xauusd will fly to 2385 2393 2404 2421.
bullish targets hit
2385✅✅✅
2393✅✅✅
2404✅✅✅
2421✅✅✅
why xauusd fly high with cpi news?
For the last three months the cpi is less than the expected value and fall in consumer price is an indication of finance department for cutting interest rates for stimulating borrowing investing and to boost purchase to strengthen economy.
so now speculations for interest rate cut has increased and due to that reason as a safe haven gold price gone up
for more detailed analysis and views follow us boost us
AUDJPY Is Still BullishThe sell-off in AUDJPY and other JPY pairs caught many traders on the wrong foot. However, we expect the overall uptrend to resume soon. "Fast is fake" should also apply to the sell-off that has just taken place.
Stay bullish!
AUDJPY: Give me reasons to leave the rocket!Hello Traders,
AUD/JPY has been on a remarkable bullish run, riding the trend within an ascending channel on the daily chart. The price is now approaching the upper boundary of the channel, and while the bulls are in control, we need to watch for signs of exhaustion.
Resistance at 110.00
Support at 108.50 (trendline)
Next major support at 105.00 (midline of the channel)
Keep an eye on how the price reacts at these critical levels. A breakout above 110.00 could lead to new highs, while a failure could mean a potential pullback or consolidation.
Long trade
Tue 9th July 24
Buyside
4Hr TF Entry
LND to NY Session PM
Entry 108.792
Profit level 110.416 (1.49%)
Stop level 108.644 (0.14%)
RR 10.97
AUD/JPY Trading Signal: Buy OpportunityDirection: Buy
Enter Price: 108.742
Take Profit: 108.92066667
Stop Loss: 108.39366667
We have identified a promising buying opportunity for the AUD/JPY currency pair based on current technical analysis and our sophisticated EASY Quantum Ai strategy.
Rationale:
1. Support Level Identified: Recent trading patterns suggest a strong support level around the 108.742 mark, indicating a low-risk entry point for a buy position.
2. Upward Momentum: Technical indicators signal upward momentum, with an expected price rise towards the Take Profit level at 108.92066667.
3. Risk Management: Setting a Stop Loss at 108.39366667 helps manage risks by limiting potential downside in case the market moves against the predicted direction.
4. Market Conditions: Positive economic data and favorable geopolitical conditions support the strengthening of the AUD against the JPY, further reinforcing our buy signal.
This signal has been generated with the assistance of our proprietary EASY Quantum Ai strategy, which incorporates various market data and advanced algorithms to provide accurate and timely trading signals.
Please ensure to perform your own due diligence and consider your risk tolerance before entering the trade. Happy trading!
AUDJPY - BUYTrend is up
Aussey has been strong all week
Points for Strength
The AUD/JPY has been strong this week due to several key factors:
1. Rising Commodity Prices - Increases in iron ore and coal prices have boosted the AUD.
2. Interest Rate Differentials - Australia's higher interest rates compared to Japan make the AUD more attractive.
3. Positive Risk Sentiment - Favorable global market conditions have driven investors towards higher-yielding currencies like the AUD.
4. Strong Australian Economic Data - Higher-than-expected inflation and other positive economic indicators have strengthened the AUD.
5. Central Bank Policies - Speculation on future rate cuts by other central banks, while Australia's rates remain stable, supports the AUD.
6. Technical Indicators - The AUD/JPY has been trading at 90-day highs, with bullish technical patterns.
7. Global Market Influence - Strong performance in global markets, particularly US equities, has positively impacted the AUD.
These factors collectively contribute to the recent strength of the AUD/JPY pair.
AUD/JPY Flirting with Record Highs; Eyeing Higher LevelsThe Australian dollar (AUD) is on a tear versus the Japanese yen (JPY) and displays little sign of slowing, with the AUD/JPY currency pair recently refreshing all-time highs of ¥108.60 after rupturing the ¥107.86 peak formed in 2007.
All-Time Highs and H4 Ascending Triangle
Regarding current price action, ¥107.86 will likely be viewed as a potential support level. Moving across to the H4 timeframe, you will note that after the pairing ventured north of ¥108.00, buyers and sellers have been busy carving out a potential ascending triangle, drawn from ¥108.58 and ¥108.03. In strong trending environments such as what we’re in now on the AUD/JPY, the ascending triangle formation is considered a continuation pattern. This means that a breakout to the upside is potentially on the cards, particularly as price is nearing the apex of the ascending triangle.
A breakout to the upside is usually traded in one of two ways: either enter long on a H4 close above the ascending triangle and take aim at the ¥109 region as an initial take-profit objective, or wait and see if price action retests the breached boundary as a support and enter based on that level holding, again targeting ¥109 as an initial upside objective.
AUD/JPY Eyes 1991 High After Clearing 2007 HighAUD/JPY may attempt to test the 1991 high (109.70) as it pushes above the opening range for July.
AUD/JPY Rate Outlook
AUD/JPY continues to register fresh yearly highs after clearing the 2007 high (107.82), with the ongoing rally in the exchange rate keeping Relative Strength Index (RSI) in overbought territory.
AUD/JPY may continue to appreciate as the RSI holds above 70, with a breach above the 1991 high (109.70) opening up the 110.10 (61.8% Fibonacci extension) to 110.60 (161.8% Fibonacci extension) region.
However, the RSI may show the bullish momentum abating should it struggle to hold above 70, and failure to hold above the 2007 high (107.82) may push AUD/JPY back towards the 105.43 (2013 high) to 105.50 (50% Fibonacci extension) area.
--- Written by David Song, Strategist at FOREX.com
