Currently testing its short term support line, one more high cannot be ruled out. 8348, the 100% extension of the rally from 7651, is an area that may produce a top.
Thread: Aud/Jpy
Currently testing its short term support line, one more high cannot be ruled out. 8348, the 100% extension of the rally from 7651, is an area that may produce a top.
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with significant event risk on the horizon tomorrow out of Europe that could lead to a massive sell-off of riskier assets, an opportunity has arisen for traders to collect profits on an AUD/JPY pair short should it break its descending triangle support.
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bearish candle in the daily chart seem so clear that this pair is heading for a correction swing wave b down.......the second view for this pair it maybe will break the low to form a divergence pattern in the daily......just wait and see what will happen soon
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The Aussie-Yen pair remains one of the better gauges of risk-appetite in the market. The Australian Dollar and the Japanese Yen represent opposite sentiment in terms tolerance for interest rates
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Unregistered (1)
The price can not penetrate the resistance level at 79.511 and is therefore unlikely to fall to the bottom more than that see you here :
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The AUD/JPY failed to rally above a sideways channel, showing that the Japanese yen is still strong, though the Aussie is in a bit of a correction across the board.
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The price can not penetrate the resistance level at 79.511 and is therefore unlikely to fall to the bottom more than that see you 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.
Unregistered (1)
the pair and as we can see from the chart has closed it's daily candle under the level of 75.00 , so , that's mean the down trend is still standing and the pair is heading to 74.55 then 74.25
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If a M15 close above 75.20 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 74 sell only and do not buy. If price closes back above it again do nothing
The range 75.20 and 74 is neutral area, any trade done in between is personal decision and not part of this analysis
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as we can see on the chart , the pair is trading under the level of 75.00 , any way if the pair succeeded in breaking 75.00 , it will continue in it's up movements heading to 75.30 and then 75.65
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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