Aud/Jpy

[Muhammadfaizan]

AUD/JPY buyers shrug off the weaker than anticipated Aussie Retail Sales while picking up the bids near 76.25 during the Asian session on Wednesday. The quote surged the highest since June 08 during the early trading hours before easing on the coronavirus (COVID-19) woes. It’s worth mentioning that the bulls are cheering a four-day winning streak amid broadly risk-on sentiment.

The preliminary readings of Australian Retail Sales for June slipped below 7.1% expected to 2.4%. The key data also lagged the last month’s jump of 16.9%. Even so, the AUD/JPY prices remain bid after the announcement. Earlier during the day, Australia’s Westpac Leading Index for June crossed 0.19% prior with 0.44% whereas Japan’s preliminary Jibun Bank Manufacturing PMI rose past-39.6 expected to 42.6.

Read: Aussie Retail Sales June +2.4% MoM in another big swing outcome

Other than the downbeat data, fears the virus conditions in Victoria continues to worsen as the latest estimations suggest another +400 level of new cases.

Not only in Australia but the US pandemic figures are also anticipated to challenge the risk-on mood. The Guardian came out with the news, relying on the US Centers for Disease Control and Prevention (CDC) forecast, to say that up to 170,000 Americans could have died of COVID-19 by August 08.

On the brighter side, the US policymakers are inching closer to the much-awaited phase 4 stimulus after their European counterparts announced 750 billion Euros of help the previous day. Also, the surge in precious metals, in contrast to the US dollar’s declines, adds to the pair’s strength.

That said, the market’s risk-tone sentiment struggle for clear direction as the US 10-year Treasury yields seesaw around 0.60% while mild gains of the S&P 500 Futures confront losses of ASX 200 and Nikkei 225.

Looking forward, a lack of major data/events could keep the pair traders checking the news headlines for fresh impetus. In doing so, the virus and stimulus could be the keywords.

Technical analysis
Unless successfully breaking the recent high around 76.35, fears of the pair’s pullback to 75.00 can’t be ruled out. On the contrary, the pair’s further rise will aim for June month’s top near 76.80 ahead of targeting 77.00 round-figure.

[shamim123]

My point of view and analysis of market is Selling trend


Indicators and Moving average market ke Down hony ka bata rahe hain

Resistance and Support points se bhi market Down hoti nazar a ri hai

Hamain Sell main trade lagani chahyie

Best Of Luck

[m148]

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.
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
money management in forex trading is very effective for getting profits with stop loss and take profits method with current trading position.

[ismar]

everyone use his strategy by its own opinions. some peoples used fundamental approaches, some people used moving averages and other then used supports and residences,who help him to make his strategy .
market trend for this pair
technical indicator for analyzing :
Momentum : Bullish
Simple Moving Average : Bullish
Pivot points : Neutral
Ichimoku : Bullish
Resistance and Support points market ke nechay janay ke haq main hain. Buy ki trade profit de gi.
Indicators ko follow karte hoye aur apni samjh soch ke sath trading karni chahiye.
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches.
If you want become Successful Trader In forex business, do hardwork and get more knowledge and experience about forex trading
I hope you can earn more profit this week

[RYK]

seems a little trader who likes these pairs, because it has a wide spread. but no problem, my analysis of this, as learning is for me. but sometimes if my good moments membbuka position on these pairs.

for the current trend is not clear. marbels in D1 did appear white, but still be close to the line. heiken a small candle, show prices are still able to move anywhere. you should wait but if you dare to take risks, please put in 84.96 SELL LIMIT.

[Khuram07]

Pan American Silver (NASDAQ: PAAS) said today that it is moving its Huaron and Morococha operations in Peru into care and maintenance in response to several workers at the mines recently testing positive for COVID-19.

"Testing and tracing of the COVID-19 virus are part of the comprehensive protocols Pan American has implemented across all of its operations in response to COVID-19. Reduced workforces will conduct care and maintenance activities at Huaron and Morococha until it is determined that normal operations can safely resume," said the company in a statement.

In 2019 Huaron and Morococha produced 3.8 million ounces and 2.5 million ounces of silver respectively. Total silver production during the year was 25.8 million ounces.

[Hamad720]

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

[Alex vector]

Dear i.forex members
On this Day i will predicted this pair have being bearish down direction
the price is break Resistance and Trend Line and it is moving down side with having the long signal from the parabolic SAR
the market trend could remain in this position and I expected support resistance levels
A dot below the candles that indicates a downtrend direction
in addition to that we can see a SELL signal on the MACD indicator
I suggest to take short terms position on SELL today

[Muhammed Awais]

Helo insta forex members. Is waqat market Kafi
down ja rahi ha or is k kuch eham Fundament or
technical indicators ki percentage or movement
jo nazar Aa rahi ha wo men ap ko bata doon ta k
ap good time per trade laga kr zyda munafa hasal
Kr saken is time market ki sell buy position ye ha
65%=Sell
35%=buy
Trade with money managment
forex is the best way to make money at home and provide you with many opportunities in everyday life forex helps millions of poor people around* the world and unemployed peoples

[miles]

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