Thread: Aud/Jpy
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elliott flat correction down 97.99 market should pop up towards 98.93 or 99.24 this bullish scenario would be damaged if 98.44 - 98.42 zone is broken a sever break down culd then occur
support and resistances
res2 99.91
res1 99.24
pivot 98.62
sup1 97.94
sup2 97.32
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Pair is falling with stronger yen and is nearing strong support of 97.365, which is the high of earlier swing move. Once it breaks then it should find support near blue line which is at 96.335.
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.
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.
As you see in the following attached chart, the pair is treading with in a bullish trend for a long time, now the pair within down-correction moving phase targeting the strong support level @ 97.28. then bullish movements will be expected and our tareget will be set @99.90
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AUD/JPY still moving inside the downtrend channel in H1 time frame, so i expect price will going down to touch 97.95. In case the price can comes out from the channel then it will build a strong trending or rally there.
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Aud/jpy analysis for 03.28.2013 by using pivot indicator.
r3: 100.53
r2: 99.88
r1: 99.23
pivot: 98.58
s1: 97.93
s2: 97.28
s3: 96.63
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Aud/jpy technical analysis by using moving averages.
date : 03.28.2013
time : 0745 GMT
time frame : 15 min
sma200 : 98.72 signal- sell.
sma100 : 98.49 signal- sell.
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in the H1 time frame the price is over sold with stoch and cci idicator. they are try to move out from the over sold area. in the chart the price is having a support at 97.93 level and it make a doji pattern also. we can long this pair to the target at 98.58 and stop loss is 97.50
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.
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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