Buy signal on AUDJPY (With TP and SL)Hello.
Here is an analysis on AUDJPY
TP 73.800 And SL68.800
The pair has clearly hit the Support and is going upward.
JPYAUD trade ideas
AUD/JPY intraday buyOur pivot point stands at 70.26.
Our preference:
the upside prevails as long as 70.26 is support.
Alternative scenario:
below 70.26, expect 69.91 and 69.70.
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 70.28 and 70.46).
Our key levels:
AUD/JPY intraday sell71.51 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 divergence in this case). 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 (respectively at 71.88 and 72.14).
AUD/JPY intraday buyOur 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).
AUD/JPY intraday sellOur 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) but below its 50 MA (72.88).
Don't miss the great sell opportunity in AUDJPYTrading 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 dynamic resistance.
. The RSI is at 33.
Take Profits:
TP1= @ 72.40
TP2= @ 71.80
TP3= @ 70.90
SL: Break Above R2
AUD/JPY intraday BUYOur 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).
AUD/JPY intraday SELL74.22 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 (respectively at 74.08 and 74.12).
AUD/JPY intraday SELLOur 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 (respectively at 74.19 and 74.01).
AUD/JPY intraday BUY73.43 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 trading above its upper Bollinger band (standing at 73.72).
AUD/JPY intraday sellOur 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 divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 73.62 and 73.76).
AUD JPY -Short to 73.50-73.70 regionRSI 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.
