Market Analysis – December 16 AUDJPY signals strong bearish momentum toward key support levels. The AUDJPY pair currently trades below the 9-day SMA at $97.030, indicating a bearish sentiment. The stochastic RSI shows a modest recovery but remains weak, with values at 63.77 and 46.56, suggesting the pair could face selling pressure soon. AUDJPY Key […]
Market Analysis – December 16 The AUDJPY pair currently trades below the 9-day SMA at $97.030, indicating a bearish sentiment. The stochastic RSI shows a modest recovery but remains weak, with values at 63.77 and 46.56, suggesting the pair could face selling pressure soon. AUDJPY Key Levels Demand Levels: 102.390, 109.370, 115.000Supply Levels: 93.590, 90.120, […]
Market Analysis – September 18 The AUDJPY pair remains entrenched in a strong downward trend, with bearish momentum dominating recent price action. Sellers reinforced their position at the 99.200 supply zone, sending the price lower. Furthermore, the price is currently retracing to a key bearish order block of 96.110, signaling a potential resumption of the […]
Market Analysis – August 20 AUDJPY is currently experiencing a bullish retracement within a broader bearish trend. After several days of upward momentum, the pullback is now approaching a significant supply zone of around 99.20 on the daily chart. This level represents a potential area of resistance where sellers may step in to halt further […]
Market Analysis – July 25 AUDJPY began the year trading within a range that persisted throughout January. However, February brought a significant shift as the price surged, forming higher highs and lows. This set the stage for a prolonged bullish trend. Currently, the price has broken through a major demand zone at 102.60, marking the […]
Market Analysis – July 18 The AUDJPY currency pair has experienced a significant decline, marking five consecutive days of downward movement. This persistent downward spiral has driven the price to the key demand level of 105.00. AUDJPY Key Levels Demand Levels: 105.00, 101.30 Supply Levels: 106.60, 108.20 AUDJPY Long-term Trend: Bullish Despite the recent decline, […]
Market Analysis – July 10 AUDJPY’s price continues to rise rapidly, with the daily chart showing a relentless uptrend that leaves little room for pullbacks, making it challenging to find entry points. Fair value gaps remain unfilled, and order blocks are not mitigated as the price soars toward the psychological level of 110.0. Significant Price […]
Market Analysis – May 8 AUDJPY witnessed a sudden price decline subsequent to reaching the resistance level of 105.00. The presence of a wick on the candle’s body, extending into the supply zone, signified sensitivity and rejection. Subsequently, the market experienced a dip to 100.0, where the price found support, thereby reaffirming its bullish stance. […]
Market Analysis – April 22 The AUDJPY pair has demonstrated a persistent bullish trajectory since December, characterized by successive swing lows yielding higher swing highs, thereby establishing a coherent bullish market structure. Notably, on Friday, a Pinocchio bar marked a retest of the demand level situated at 97.270. Towards the end of the trading session, […]
