AUDJPY Violates Bullish Trendline 

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.

L2T Algo

TELEGRAM

RESULTS

Market Analysis – August 24

AUDJPY experienced a significant development in April when the sellers’ momentum was deemed exhausted, as indicated by the MACD (Moving Average Convergence and Divergence) indicator. This shift in market dynamics led to a change in the direction of the market, evident from April onwards, marked by a series of higher highs and higher lows.

Key Levels For AUDJPY

Demand Levels: 94.10, 95.80, 96.89
Resistance Levels: 92.80, 92.00, 90.20

Long-Term Trend For AUDJPY: Bearish

A bullish trendline provided guidance to the price movement until the formation of a swing high at 98.0. The MACD revealed the exhaustion of the buyers at 98.0 in July. This led to a decline in price.

Subsequent to this, a retracement phase ensued, during which the supporting trendline underwent multiple tests due to prevailing selling pressure. Ultimately, the bullish trendline succumbed to downward pressure as the price descended into the demand zone around 92.0.

Short-Term Trend For AUDJPY: Bearish

At present, the level at 92.0 is acting as a barrier against further price declines. The 4-hour chart reveals a bearish market structure, with the price currently approaching the lower boundary of the established downtrend. Anticipating several retests of the 92.0 demand level, a potential weakening of this zone is expected.

Do you want to take your trading to the next level? Join the best platform for that here

• Broker
• Benefits
• Min Deposit
• Score
• Visit Broker

• Award-winning Cryptocurrency trading platform
• $100 minimum deposit,
• FCA & Cysec regulated

$100 Min Deposit

9.8

Trade Now

• 20% welcome bonus of upto $10,000
• Minimum deposit $100
• Verify your account before the bonus is credited

$100 Min Deposit

9

Trade Now

• Over 100 different financial products
• Invest from as little as $10
• Same-day withdrawal is possible

$250 Min Deposit

9.8

Trade Now

• The Lowest Trading Costs
• 50% Welcome Bonus
• Award-winning 24 Hour Support

$50 Min Deposit

9

Trade Now

• Fund Moneta Markets account with a minimum of $250
• Opt in using the form to claim your 50% deposit bonus

$250 Min Deposit

9

Trade Now