Thread: Aud/Jpy
Weekly forecast: AUDJPY 27-31 Oct. 2014
Technical analysis for weekly forecast for AUDJPY 27-31 Oct. 2014. In weekly chart AUDJPY shows bullish trend. At present AUDJPY above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 98.501.
Pivot: 94.602
Resistance levels
R1 95.690
R2 96.324
R3 97.412
R4 98.501
Support levels
S1 93.968
S2 92.880
S3 92.246
S4 91.613
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Daily forecast: AUDJPY 24 Oct. 2014.
Technical analysis for Daily forecast of AUDJPY 24 October, 2014. In Daily chart AUDJPY shows bullish trend. At present AUDJPY above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 97.075.
Pivot: 94.485
Resistance levels
R1 95.215
R2 95.615
R3 96.345
R4 97.075
Support levels
S1 94.085
S2 93.355
S3 92.955
S4 92.555
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
While monitoring the AUDJPY I came to realize that a bearish trend is being formed today on the chart and of course I came to that conclusion because of the red signal performed by the super trend indicator giving me a hint on where the market supposedly would be heading.
The Nolog dot indicator giving us a blue colored dot indicating that a buy signal should be taking place soon.
A week bearish trend is indicated by the signals encouraging us to take sell trades but that of course as soon as the Nonlog indicator changes its signal to make another confirmation for this direction.
In order to be safe we should think of the best position to act as our stop loss I believe the resistance located at the price 94.1 would be the perfect place for that but if this method is not convincing enough then waiting for the super trends color to change to green would be a good idea as well since the bearish trend would certainly be over if it met any of those conditions.
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Obviously in front of us on the AUDJPY chart we can clearly see that there is a up trend taking place as we speak and from its looks of it seems to be a main trend of course that was confirmed when the 6 and 5 EMAs were located Above the 35 EMA.
From the looks of it making buy orders would be the wisest decision once a bullish direction is confirmed by the other indicators.
Also there are dots located above the candlesticks from the parabolic sar indicators showing us a downward direction adding to that the downward signal formed by the cci line when it got located at the lower level.
Also to be sure we get a buy signal from the MACD indicator as it was moving above the level 0.
So In the end I do think buying would work greatly for me according to what we witnessed up till now unless an opposite bearish signal appears.
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Using the zigzag indicator a top is drawn showing a good chance for the current trend to be heading down soon on our chart the AUDJPY The price is currently near the up edge of the Donchin band indicator meaning that the price is facing a great deal of difficulty heading upward the downward direction would be a good choice to follow but only if the candle was able to close below the level 93.95 which is considered a good support level at the moment which is also represented by the blue dots on the chart waiting for the 2 SMA Indicators to perform a sell cross would give us a better chance for a sell trade On the other hand the level 94.85 would be acting as a great resistance if we ended up facing an opposite upward direction .
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When trying to analyze the AUDJPY I can draw a bullish channel as you can see to narrow the market movement area between 2 trend lines Using the donchain channel you can see the price moving at the up edge of it then I can think about selling the price as long as no opposute signs appears on awesome oscillator Currently the awesome oscillator has a red bars which appears above the level of 0 which can be considered as a good sell signal Same on the stostatic indicator which show a buy signal by getting an up intersection between two lines near the 80 th level Till now bearish trend seems to be a stronger choise and by the way selling the pair targeting the low level of donchain channel is not bad idea![]()
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
When trying to analyze the AUDJPY I can draw a bullish channel as you can see to narrow the market movement area between 2 trend lines Using the donchain channel you can see the price moving at the up edge of it then I can think about selling the price as long as no opposute signs appears on awesome oscillator Currently the awesome oscillator has a red bars which appears above the level of 0 which can be considered as a good sell signal Same on the stostatic indicator which show a buy signal by getting an up intersection between two lines near the 80 th level Till now bearish trend seems to be a stronger choise and by the way selling the pair targeting the low level of donchain channel is not bad idea![]()
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
According to the Henkin Ashi you can see it showing a buy signal by having down arrow and a blue candles on the AUDJPY Also you can monitor a blue bar on the trend session indicator whith increase the chance to face up trend on the short term By the way we have a sell cross at Snake and T3-Clean indicators which can be a good signal for selling the pair By collecting all of this together I can bet on falling down till the support located at 94.28 where you can consider it as a good area for claiming any sell positions profit![]()
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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