Market Analysis – November 16 AUDJPY experiences a bullish breakout from a symmetrical triangle. The price has taken off to the moon after so much contention with the bears. AUDJPY Key Levels Demand Levels: 94.300, 93.030, 90.830 Supply Levels: 97.670, 98.600, 99.000 AUDJPY Long-Term Trend: Bullish AUDJPY witnessed intense volatility at the inception of June. […]
Market Analysis – October 31 AUDJPY turns bullish as the price successfully surpasses the resistance of the bearish trendline. The resultant effect was that it led to a sudden and significant upward movement. The price is now finding resistance at the 96.950 level. AUDJPY Key Levels Demand Levels: 93.100, 89.800, 86.100Supply Levels: 96.950, 99.000, 100.500 […]
Market Analysis – October 27 AUDJPY experiences a bullish shift following a market structure change in early June 2023. This results in a spontaneous bullish reaction in the price reaching the supply level. AUDJPY Key Levels Demand Levels: 90.400, 88.000, 86.200 Supply Levels: 95.000, 97.500, 99.800 AUDJPY Long-Term Trend: Bullish Price exhibited a series of […]
Market Analysis – October 22 AUDJPY experiences a bullish reversal after the Relative Strength Index (RSI) Indicator signaled an oversold market. A major swing low was formed at the end of March 2023, indicating a potential market change. AUDJPY Major Zones Demand Zones: 91.850, 90.000, 87.850 Supply Zones: 94.800, 96.950, 99.050 AUDJPY Long-Term Trend: Bullish […]
Market Analysis – October 12 AUDJPY experiences a bullish reversal with a prominent rejection at the previous low. A bullish shift in market structure set the stage for a price rise. Following the reversal, there was a sustained period of bullish momentum. Shortly after, a decline was observed. AUDJPY Key Levels Demand Levels: 93.200, 90.200, […]
Market Analysis – October 3 AUDJPY encounters stiff resistance from the sellers at the 99.000 level. This resulted in a prominent bearish trend. The plunge in price aggressively pierced through the support zones just below it. AUDJPY Key Levels Demand Levels: 91.900, 90.300, 87.800 Supply Levels: 95.100, 97.500, 99.000 AUDJPY Long-Term Trend: Bullish Despite the […]
Market Analysis – September 26 AUDJPY bulls aim for the 99.000 resistance level. The AUDJPY pair experienced a bullish break of structure, leading to a shift in price action from bearish to bullish. Despite the 95.000 level initially acting as resistance for price bulls, it could not hold, indicating the presence of bullish momentum. AUDJPY […]
Market Analysis – September 22 AUDJPY seeks liquidity at the 97.650 supply level. AUDJPY has completed its retracement phase, which began in mid-September 2022. It lasted until late March 2023, marking its major low. This break in the structure has shifted the initial bias of the price action to bullish. AUDJPY Key Levels Demand Levels: […]
Market Analysis – September 14 AUDJPY reveals bullish potential. The market is currently exhibiting a bullish trend. This, therefore, is indicating the possibility of an increase in value soon. This suggests that the Australian dollar is strengthening against the Japanese yen. Traders are paying attention to the significant resistance level at 97.650, as it serves […]
