AUDJPY Market Analysis – April 11 AUDJPY forms equal highs at key levels after expansion. The market created equal highs at 85.550. The equal highs were formed during a long-term consolidation in which the market was held bound. The consolidation lasted for about three months, from March to June. The lows of those highs were […]
AUDJPY Market Analysis – March 4 AUDJPY is currently experiencing a correction phase after expansion. The market formed lower highs that led to 73.050. There was a change in market direction as the previous highs were swept. The impulsive moves from the demand zone violated the previous market structure. The stochastic indicated the market was […]
AUDJPY Analysis – March 28 AUDJPY shows signs of weakness after the symmetrical triangle breakout on the daily timeframe. The market has formed lower highs and higher lows. This has caused the market to narrow down to the point of breakout. In the AUDJPY market, equal highs were created during October. The Moving Average changed […]
AUDJPY Market Analysis – March 21 AUDJPY makes a bullish breakout above the major resistance zone at 85.740. There was a very neat bullish rally after the cross of the Moving Averages period Nine and twenty-one. From mid-November into late March, the close of the daily candles was above the Moving Average period twenty-one. At […]
AUDJPY Price Analysis – March 14 AUDJPY finally reaches a major supply zone at 85.900. The market has rallied after the breakout to 85.900. On the 22nd of September, 2021, the market rallied to 85.900, where a supply zone was formed. A reversal in the zone caused the bears to take over. A double top […]
AUDJPY Price Analysis – March 7 AUDJPY makes an impulsive run towards the supply zone at 86.000. The market formed a symmetrical triangle at the supply zone at 86.000. The market dived with an impulsive run outside the symmetrical triangle. The Moving Averages period nine and twenty-one crossed to confirm the bearish move. The market […]
AUDJPY Price Analysis – February 28 AUDJPY is losing bullish momentum as it drops below the 84.210 resistance level. The bulls caused a rise to the 84.210 level. This, however, gave the sell traders the motive to influence the price tendency. The currency pair’s orientation trades in a general bullish flow, but the short traders […]
AUDJPY Price Analysis – February 21 AUDJPY buyers keep striving to return to the 84.300 critical zone. Buyers want to dominate the market, in so doing, pushing the demand back to the 84.300 market zone. However, sellers’ stimulation is causing an impediment to the upward movement in the market. Nevertheless, buyers anticipate a forward moment […]
AUDJPY Analysis: Price Begins a Slump as Buyers Fail to Reach the 84.330 Resistance Level AUDJPY begins a slump as buyers fail to reach the 83.330 resistance level. The market is settling towards the bear direction. Since the buyers could not get to their intended destination, the bears interfered with the price influence, thereby changing […]
