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The price of the pair moves starting from the wave (93.96) It is noted that the limits of the main trend line drawn for this wave along the between-level (93.83) and (93.90 It is worth mentioning that the current wave goal of access to the area (92.99)
AUD/JPY breaks to new high as Aussie shows resilience
The Australian dollar remains resilient while the Japanese yen goes with the rest of the currencies giving in to the US dollar.
The result is a new record high for AUD/JPY.
The new high at 97.11 is the highest level since June 2013, more than one year ago. The current move is a break above the levels seen earlier in the week.
The road up for the cross wasn’t that easy. Here is what happened back in July: AUD/JPY Nosedives Despite Positive Chinese GDP.
The price of the pair moves starting wave (93.96) It is noted that the limits of the line the main direction drawn to this wave along the between-level (93.83) and (93.90 It is worth mentioning that the current wave goal access to the area (92.99) With respect to trades that day will be watching the movement Price inter-level (93.52) and level (93.69) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can test it (93.19) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level can test it (93.90) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (93.15) - the second support (92.81) - First resistance (93.86) - Resistance seconds (94.23).
Attachment 12492
the weekly out look of the audjpy shows the cross trade on boke up the resistance and it find support a 92.50 a trade below this level indicat that the cross willgo onaside movment however if the price still above this level it will face the resistance level at 95.28
pair- aud/jpy
time frame to analysis- m15
http://i60.tinypic.com/5f2ji0.jpg
the cci indicator is moving above the level 100 level and the price is having fibo resistance at 50 level at the price 93.45 level. if this is break the support at 93.25 level then short with take profit at 92.90 and stop loss at 94.83
good luck
the 4 hours time frame indicate that the price is in a trading range with preference for the downside the side of the range are 93.78 as a resistance and 92.43 as a support the daily chart shows the price beside it 50 moving average which represent a good apportunuty to sell from it to the support at 92.43 the thecnical indicators does not shows any divergence
pair- aud/jpy
time frame to analysis- m15
http://i62.tinypic.com/2emkk8h.jpg
the cci indicator is moving below the -100 level and the price is also break the support at 92.90 level. the macd divergen is also in the down trend side. hold the short entry with profit target at 92.00 and stop loss at the 93.30
good luck
Daily Forecast
Pair: AUDJPY
Major Trend: Bearish
Time Frame: H1
Reason: Market has formed a shadow on candle sell. Possibility of correction in the market will be 92.55, around fibo 50.
Recommendation: Buy with a target of 92.55
Tuesday 10th Mar 2:30pm(NZT)
The Australian dollar has spent much of the past two week trading sideways against the Japanese Yen between the parameters of 93.00 and 94.00. The pair did manage a very brief flurry above 94.00 on Friday evening during volatile trading in the immediate aftermath of US employment data, but the quick reversal suggests it was more of an aberration, than a signal of further strength. With resistance around 94.00 therefore still effectively intact, the risks are growing for a pullback toward 92.00. From Australia this week we have consumer sentiment, inflation expectations, and employment change data to digest. While from Japan we get core machinery orders, tertiary industry activity, and consumer confidence data.
Current Level Support Resistance Last week's range
AUD/YEN 93.20 92.00 94.00 92.94 - 94.15
pair- aud/jpy
time frame to analysis- m15
http://i61.tinypic.com/of22k4.jpg
the down movement of the price is not able to break the support at 92.00 level and again in the up trend side but rejecting from the 92.65 level. if this is move above the 92.70 level then long with profit target at 93.25 and stop loss at the 92.00
good luck
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