AUDJPY : Support Becomes Resistance
On September 10/2020 AUDJPY registered a temporary top and started to trend lower. When a market is trending it will make higher highs and higher lows in a bullish trend and lower lows lower highs in a...
Tag: AUDJPY
AUDJPY Incomplete Sequence Targeting Higher
In this blog, we are going to take a look at the Elliott Wave chart of AUDJPY. The Daily chart update below shows that the pair has continued to extend higher from March 19, 2020 low. The...
Elliott Wave View: Further Upside in AUDJPY
Short Term Elliott Wave View suggests AUDJPY rally from March 19 low shows incomplete sequence favoring more upside. The rally is currently unfolding as a double three structure. Up from March 19 low, wave (W) ended at 67.7...
AUDJPY at 11 Year Low Amidst Coronavirus Fear
AUDJPY sank to 11 year low last week as the market is pricing in a drastically lower Australia’s growth outlook. The coronavirus outbreak around the world has disrupted everything from travel, supply chain, and daily activities. The...
AUDJPY : Multiple Time Frames to Identify a Trade Setup
AUDJPY Technical Analysis Every trader should always view the market in the “bigger picture” first. Viewing the market starting from a higher time frame down to a lower time frame will offer a trader a clearer picture of...
AUDJPY Forecasting The Bounce From The Blue Box Area
In this blog, we are going to take a look at the Elliottwave chart of AUDJPY. The rally from August 26, 2019 unfolded as 5 waves impulsive move up in wave (A) as a leading diagonal. Based...
AUDJPY Elliott Wave View: Forecasting The Decline
In this technical blog, we are going to take a look at the past performance of AUDJPY 1-Hour Elliott wave Charts that we presented to our members. In which, the cycle from 4/29/2019 peak (78.93) took place...
Elliott Wave View Expecting AUDJPY to Extend Lower
AUDJPY shows an incomplete Elliott Wave sequence from April 17, 2019 high, favoring more downside. The 100% target can reach as low as 75.7 – 76.3. In the chart below, the bounce to 78.94 ended wave 2....
AUDJPY : Catching the Trend Lower
AUDJPY Short Term Technical Analysis AUDJPY on March 8/2019 the pair bounced and traded higher. Price started a Higher High/Higher Low sequence and trended higher for the entire trading week of March 11-15/2019. In the chart below the...
Yen Strength to Channel AUDJPY Lower
Over the next few weeks Japanese Yen strength should drive prices of AUDJPY lower within a downward sloping channel. The current incomplete Elliott Wave structure also supports this expectation of further downside. In this article we’ll explore...