AUDJPY Will Bounce off Key Zones Before Bearish Movement Continues
Login

AUDJPY Will Bounce off Key Zones Before Bearish Movement Continues

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

AUDJPY Market Analysis – August 30

AUDJPY will bounce off some key levels in a bid to keep moving downwards. For some time now, price has been on a descent. Price has been sliding downwards and bypassing the key levels. After a retest activity at the 81.600 key level, AUDJPY continued moving downward. AUDJPY dived below the trend-line and a major demand level at 80.200 before slipping past another significant key region at 79.000. Bullish pressure, which is causing a change in the market, has risen considerably. AUDJPY is creating a new lower high before price continues its slump.


AUDJPY Important Levels

Supply Levels: 81.600, 80.200
Demand Levels: 79.000, 77.900

AUDJPY will

AUDJPY Long Term Trend: Bearish

AUDJPY continues to fall due to violating the 80.200 demand level. Price should make a steady retracement before bearing on its bearish agenda. This retracement will be caused by upward pressure, and bulls will endeavor to rise somewhat before AUDJPY continues diving.

AUDJPY keeps climbing up, with the price aiming to break over 80.200 before retreating. Price initially offers a potential buy on the daily time frame when it changes direction at the 77.900 demand zone. However, this was caused by AUDJPY breaking out of the Bollinger Band. Price is now poised to overcome the middle band and rise to retest the upper band before price continues dipping.

AUDJPY will AUDJPY Short Term Trends: Bearish

AUDJPY is predicted to climb beyond 80.200, retesting significant zones in the 4-hour time frame before bearing on its bearish movement. Before retracement, the market may break over the trend line and react at 81.600. The Bollinger Band indicator displays market responses at the upper band. This suggests a bearish reversal when the market pulls back to that zone. The MACD (Moving Average Convergence and Divergence) is displaying bullish histogram bars suggesting upward movement and crosses showing losses in bullish impetus. This, however, plainly indicates that sellers will soon dominate the market.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News