Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Market Analysis – June 6
AUDJPY made a significant leap from the demand level at 94.40 to reach relatively equal highs at 92.400. The bullish order flow in AUDJPY is expected to persist as the price surpasses the resistance level at 92.400.
AUDJPY Key levels
Resistance Levels: 92.400, 93.000
Support Levels: 90.400, 89.800, 89.160
AUDJPY Long-term Trend: Bullish
Since early May, AUDJPY has been utilizing the bullish trend line on the daily chart to sustain its upward trajectory. Following the third test of the bullish trend line, the market experienced a significant dip that challenged the bullish trend line. It appeared that the market had shifted direction towards a downward trend. The break of the trend line, coupled with the sweeping of recent lows in late May, indicated a potential bearish reversal, particularly considering the overbought condition of the Stochastic oscillator.
The price dipped into a fair value gap above the support level of 89.80. However, the market took off suddenly as buyers unleashed substantial buying pressure, breaking through the resistance level at 92.40.
AUDJPY Short-term Trend: Bearish
AUDJPY Short-term Trend: BearishThe swift upward movement of the price above 92.40 has created a fair value gap below the resistance level. A retracement towards the inefficiently traded region is anticipated, considering the overbought reading on the Stochastic oscillator.
Do you want to take your trading to the next level? Join the best platform for that here
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
