AUD/JPY Trade Ideas

Ichimoku Kinko Hyo AUD/JPY: The pair is trading below the cloud. Further bearish pressure will lead the currency pair to retest the previous lows. Fibonacci Levels XAG/USD: Silver bulls return aggressively and send price above the 61.8 % retracement area. It seems that further bullish rally is ...

It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs. Bullish momentum has recently declined; we can see that the Awesome Oscillator doesn’t confirm price highs. On the upside, the obstacle lies at 71.35. AUD/JPY needs to break higher in ...

AUD/JPY is in the downtrend since the start of the year. It was capped on the upside by all the three important moving averages on the D1 (200, 100, and 50 SMA). This week the pair broke below the February support line in the 73.40 area. Its attempts to get higher have failed, as sellers are quite a...

AUD/JPY formed a “shooting star” candlestick on the W1. This week, it’s testing levels below the 50-week MA at 75.45. That’s probably why the pair went down on the news that a pneumonia-like virus is spreading in China: the technical setup was negative and traders took the first cue from the fundame...

AUD/JPY has been recovering from the 74.00 area since the start of January, but met resistance in the 76.00 area (Dec. 13 high). On the D1, the pair formed a small “spinning top” – a candlestick signaling market’s uncertainty. The direction of a breakout from the current range between 76.10 and 75.8...

Trade ideas SELL 73.25; TP1 72.80; TP2 72.20; SL 73.40 BUY 74.00; TP 74.45; SL 73.85 AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. Now the pair will have to decide, which trend it’s going to continue: the long-term downtrend or a shorter-term uptrend. In ...

Trade ideas BUY 75.00; TP 75.80; SL 74.80 SELL 74.35; TP 73.95; TP 74.50 AUD/JPY is trying to return to positive dynamics. The level of 74.50 which earlier acted as resistance is now functioning as support. If the positive risk sentiment keeps on the pair settles above the last week’s high of 74.80,...

Trade ideas BUY 73.80; TP1 74.50; TP2 75.00; SL 73.45 BUY 74.55; TP 75.00; TP2 76.00; SL 74.35 There are many positive developments in AUD/JPY - a higher low formed last week, the close above the 100-day MA on Thursday (73.75) and the formation of the bullish “Rising three methods” pattern on the D1...

Trade ideas SELL 72.40; TP1 72.28; TP2 71.95; SL 72.55 BUY 72.85; TP 73.30; SL 72.70 AUD/JPY has reached the resistance line which is going down from September highs. The 100-period MA on the H4 chart is about to get below the 200-period one. Both lines limit the price action on the upside, around 7...

Trade idea SELL 1.0750; TP1 1.0725; TP2 1.0700; SL 1.0765 The Australian dollar will likely be quite volatile on Tuesday as the Reserve Bank of Australia Governor Philip Lowe is scheduled to speak at 12:55 MT time. The RBA will likely be under pressure to cut rates further, so we await some negative...

Trade ideas BUY at 82.70; TP1 83.70; TP2 84.00; SL 82.50 SELL at 82.40; TP 81.90; SL 82.60 Note: monitor the news AUD/JPY is testing levels above the 50-week MA at 82.79. Yet, only a weekly close above this point will signal that the pair went past this obstacle and is willing to proceed up to 83.80...

Today's currency market sentiment brings a bit of rebound yesterday's US dollar so far. Data from Australia and Japan disappointed, but without damage to AUD and JPY. The stock market is balancing at the level of yesterday's close. The trade session in Asia is calm, where the attempts to further str...