Aud/Jpy

kal k hi uptrend ko market continue kar skta hai kuki market meh kafi upward strong movement thi kal or kafi buyers ne dominate kara hai ,
halaki abhi ek support level pe jisko market ache se test kar rha hai agar ye level break hota hai toh defintely strong up movement dikhegi is pair meh.

I predict this pair have bullish direction
I suggest to take LONG position today

time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the trade.

money management is very effective for getting profits with stop loss and take profits method with current trading position.

Calculation For Trading:

Resistance Level (R1): 71.132
Resistance Level (R2): 70.770
Resistance Level (R3): 70.355

Pivot Point: 69.993
Support Level (S1): 69.579
Support Level (S2): 69.217
Support Level (S3): 68.803

The first three days of the week was held to consolidate the achieved levels Thursday and Friday last week, and on Thursday a couple seemed to have demonstrated a tendency to decrease. However, on Friday revived risk appetite and the output of the traditional currency of refuge, pushed a couple up.

The growth in the coming week will be limited to the upper boundary of the current channel - 84.25, in case of breaking up a couple of which will test the strength of 84.74.

When the drop down support will be provided at 82.28. In the case of a deeper fall, it is unlikely band will perform support area 79.60 - 79.48.

this pair is moving in the up trend channel but we can see very strong resistance at 97.00 this may be not able to break. at the time macd movement is also decreasing. we can see down movement. we can short this pair with target at 96.26 with stop loss at 97.50

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RSI
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If indicator shows markit going up you trade on buy and if indicator shows markit going down you trading on sell to earn good profit. So forex trading is a good earning website.

Today this pair of Market trends & technical Analysis justified for me.
TRENDING
1)Gator Osillator:SELL = (3)dEMARKER :SELL
2)Fractals :SELL = (4)Evelopes :SELL

AUD/JPY

Paraboloc SAR : SELL
The RSI is still on :SELL
StDev on SELL direction.
4hour time frame also telling these condtional exprations.
Indicator shows market going DOWN and technical Analysis same thing.
All technical and fandamantal follow the SELLing trends.

Note:Always Follow the making experienced with others having great knowledge about trading.

AUDJPY Today Analysis

PIVOT POINT 78.95

Support 1 78.63

Support 2 78.39

Support 3 78.23


Resistance 1 79.03

Resistance 2 79.19

Ressistance 3 79.43

The quote recently confirmed inverse head and shoulders bullish formation by clearing 79.00 on hourly chart and is presently rising toward three-week-old descending trend-line, at 79.50.
Should prices manage to cross 79.50 immediate upside barrier, February month highs near 79.80/85 could act as buffers prior to highlighting 80.00 round-figure.
Also, 61.8% Fibonacci expansion (FE) of its early January – March moves, around 80.60, may gain buyers’ attention post-80.00.
Alternatively, pair’s dip beneath 79.00 can take rest on a weeklong upward sloping support-line at 78.60, a break of which may extend the pullback to 78.30 and 78.00.

AUD/JPY found offers and fell by 10 pips after the official data showed Australia's consumer spending, as represented by retail sales, dropped in January.

Retail sales fell by 0.3% in January, missing the forecasted print of 0%, having dropped by 0.5% in December, the Australian Bureau of Statistics reported at 00:30.

The AUD/JPY cross declined from 70.35 to 70.21 immediately in reaction to below-forecast data and was last seen trading near 70.25.

The US equity indices plunged Thursday and bond yields hit record lows as investors reassessed how much impact coronavirus would have on the economy and if rate cuts by the Federal Reserve would help mitigate the negative effect.

The S&P 500 fell by 3.39% and could have a bearing on the risk sentiment in the Asian markets, in which case, the anti-risk yen will likely draw bids, pushing AUD/JPY lower. Currently, however, the futures on the S&P 500 are reporting a 0.42% gain.

A.o.A
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