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Audjpyshort

AUD/JPY showing strong downside after M Formation ti 88.35 Yen M Formation formed over the last few weeks. Price has broken below the neckline showing downside to come. 200 >21>7 Price<200 RSI<50 Target 88.35 Yen Interesting Facts Australia is a major exporter of natural resources such as iron ore and coal, which are in high demand in Japan, a country with limited natural resources. Japan is the largest foreign investor in Australia, with Japanese companies having a significant presence in industries such as automotive, electronics, and mining. The AUD/JPY is often influenced by factors such as interest rate differentials between Australia and Japan, commodity prices, and economic indicators such as GDP growth and inflation. The AUD/JPY has a high correlation with other commodity-linked currencies such as the Canadian dollar (CAD) and New Zealand dollar (NZD).
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by Timonrosso
2
AUDJPY - FUNDAMENTAL + TECHNICAL BIAS#AUDJPY These days, AUDJPY is slightly UP due to MARKET RISK ON. The reason for that was that the MARKET SENTIMENT was somewhat POSITIVE with FED UPDATES. JPY WEAK AFTER BOJ MEETING. Because of that, XXXJPY CURRENCIES went UP very fast. It still has an effect. Anyway, they said that the BOJ MONETARY POLICY will be relaxed even more. Therefore, after JPY becomes PRICE, XXXJPY PRICES may be UP in the future. Even now, we see that the MARKET is somewhat MARKET RISK ON. We expect AUDJPY to RETRACE to higher resistance. Anyway, if the AUDJPY goes upside down again, the VIX should go down and the JPY should go up, and STOCKS should go up. The dollar should continue to strengthen as it has in recent days. AUDJPY can definitely SELL at 89.26 LEVEL. But somehow after that, AUDJPY may go UP to 95.50 LEVEL. Anyway, if JPY becomes WEAK, if the UP SIDE STRUCTURE is BREAK, there is a very good situation to BUY AUDJPY.
by benny_marshall
AUDJPYAUDJPY has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
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by HamidRamezani1992
AUD/JPY bearish biasThe AUDJPY could experience a quick sell off towards the previous low at 90.15-10. The price is currently testing the supply zone and spending that time to make a very slanty head and shoulder pattern with a sure expanding ascending pattern. This indicate a long term run towards the weekly top at 96.00=50, however the RSI indicator shows triple tops at the OB level, which could support the short term sell off towards the 50% & 61.8% fib area. Check the chart put and plan your trades accordingly.
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by Adefxc