Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Stochastic pointing upwards, but tdak followed by a large volume, the market is predicted to break the support at 95.71 and heading 95.14
Recommendation: Sell
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Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Stochastic pointing upwards, but tdak followed by a large volume, the market is predicted to break the support at 95.71 and heading 95.14
Recommendation: Sell
The pair is trading Australian yen within the rising wedge on Frame four hours as the pair now stands at the strong support 95.76, which in the case of breaking and closing below candle four hours with a broken lower border of the rising wedge, which is a bullish trend on the Frame four hours will be an opportunity good sale for the pair to target 94.55 levels.
pair- aud/jpy
time frame analysis- m15
http://i58.tinypic.com/260pipw.jpg
the correction of the down movement is rejecting from the daily resistance pivot point at 95.96 level. the stoch indicator is showing oversold so price may again correction side. hold the short entry with stop loss at 96.10
good luck.
Technical: The pair is trading Australian yen within the rising wedge on Frame four hours as the pair now stands at the 95.76 strong support in the case of breaking and closing below candle four hours with a broken lower border of the rising wedge which represents an uptrend on Frame four hours will be an opportunity good sale on the pair to target 94.55 levels with stop losses return to higher trading breached bullish trend again, but we are waiting to break the trend of the first entry on the sale of the husband.
The Australian dollar fell on Tuesday during the Asian session, following the release of the results of a meeting of the Monetary Policy Committee where Australia's central bank indicated by the minutes of a meeting that low interest rates reflects the deterioration of the spending situation by the Australian companies operating in the mining sector and outside it is one of the main reasons behind the decline in growth rates , while we see that the decline in wage rates contribute significantly to push inflation to decline, and Australia's central bank reiterated that the current levels of the Australian dollar is still high and do not reflect the current situation of economic data or a decline in the levels of prices of raw materials and commodities.
On the other side of the Japanese economy, the yen traded in a limited range today in the waiting-quarter growth data on an annual evening.
Daily Forecast
Major Trend: Bearish
Time Frame: Daily
Reason: Market still a correction on the bottom trendline on the previous trend. To bearish, targets are located at 94.57
Recommendation: Sell
AUD yen could break to the upside on the Wedge Frame four hours and closing below candle four hours and returned the pair test the strong levels of 95.75 and the pair is currently targeting 94.55 levels
While maintaining the highest stop losses breached bullish trend again.
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: The possibility of the market is still going down to touch bottom line Bollinger, and subsequently rose to 95.74 for this har targets
Recommendation: Buy limit at 95.27
AUD yen could break to the upside on the Wedge Frame four hours and closing below candle four hours and re-pair test 95.75 strong levels more than once and was unable to penetrate the top and expect to stand as a resistance in front of where the pair is currently targeting 94.55 levels.
pair- aud/jpy
time frame analysis- m15
http://i61.tinypic.com/9po040.jpg
the price movement set up in the channel pattern with the support at 95.27 level and resistance at the 95.70 level. the stoch and the rsi indicator is at oversold level 30. so again up movement can expected. long with profit target at 95.85 and stop loss at 95.72
good luck.
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