71.51 is our pivot point. Our preference: the downside prevails as long as 71.51 is resistance. Alternative scenario: the upside breakout of 71.51, would call for 71.80 and 71.98. Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish...
Our pivot point is at 72.01. Our preference: rebound towards 72.84. Alternative scenario: below 72.01, expect 71.72 and 71.54. Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading above its 20 MA (72.29) but under its 50 MA (72.47).
Our pivot point stands at 73.19. Our preference: technical rebound towards 73.19 before a new drop. Alternative scenario: the upside breakout of 73.19, would call for 73.49 and 73.67. Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair stands above its 20 MA (72.74)...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (73.17). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Our pivot point stands at 73.10. Our preference: the upside prevails as long as 73.10 is supported. Alternative scenario: below 73.10, expect 72.81 and 72.64. Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 73.23 and 73.34).
74.22 is our pivot point. Our preference: the downside prevails as long as 74.22 is resistance. Alternative scenario: the upside breakout of 74.22, would call for 74.51 and 74.68. Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs...
Our pivot point stands at 74.14. Our preference: the downside prevails as long as 74.14 is resistance. Alternative scenario: the upside breakout of 74.14, would call for 74.42 and 74.60. Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs...
73.43 is our pivot point. Our preference: the upside prevails as long as 73.43 is support. Alternative scenario below 73.43, expect 73.15 and 72.98. Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 73.54 and 73.45). Finally, the AUD/JPY is...
Our pivot point stands at 73.64. Our preference: the downside prevails as long as 73.64 is resistance. Alternative scenario: the upside breakout of 73.64, would call for 73.93 and 74.11. Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish...
Will give updates as the trade pans out. Sell at market price my friends :)
RSI descending trend line resistance met. 4 hour and 1 hour charts in over bought territory. Currently trading at previous support turned resistance level. Fibonacci Retracement level 50(0.5) reached.
AUDJPY The fundamental factor causing the negative pressure on JPY and the industrial outputs are stumbling and BOJ are in the verge to cut the rates in coming months this pair currently trading at 76.350 level and may retrace back towards 75.850 There we may open the buy orders and potential take profit will be 78.650. Its a 280 pips target. Stop lose may placed...