Market Analysis – April 10 The AUDJPY currency pair has experienced a dramatic and rapid decline, following a brief pause at the support level of 93.050. This impulsive move has set the stage for further bearish activity, with the market showing no signs of slowing down. AUDJPY Key Levels Demand Levels: 87.40, 83.90 Supply Levels: […]
Market Analysis – February 21 The AUDJPY market has witnessed a bearish resurgence, with sellers regaining strength from the 95.550 key level. After an initial bullish push last week, buyers lost control, allowing sell pressure to take over, driving the pair lower. AUDJPY Key Levels: Support Levels: 94.530, 93.000, 95.000 Resistance Levels: 95.550, 96.860, 96.000 […]
Market Analysis – January 31 AUDJPY bulls hold ground, targeting the 96.860 key level. AUDJPY remains on a positive trajectory, with buyers recovering from the 95.550 significant level. Despite strong attempts to break above 100.000, bullish momentum has been met with resistance. However, a renewed push is now targeting 96.860, signaling buyers’ intent to regain […]
Market Analysis – January 9 The AUDJPY market is currently transitioning into a consolidation phase, characterized by limited price movement within a defined range. The supply zone at 101.3650 remains a formidable barrier, consistently resisting upward movement and limiting bullish momentum. On the downside, the demand zone at 93.8570, reinforced by a strong bullish order […]
Market Analysis – Deember 24 AUDJPY struggled to surpass the bearish order block at 101.600 in October. This resistance led to price stagnation between 99.740 and 101.600. Eventually, the pair declined, testing an unmitigated bullish order block near 95.580. This movement triggered the formation of a double bottom bullish reversal pattern, suggesting potential upward momentum. […]
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 – August 13 The AUDJPY currency pair has experienced a steady upward trajectory with a gradual incline since April. Throughout this period, trading volume remained consistent with minimal daily fluctuations. However, the market downturn in July triggered a notable increase in trading volume, which has now begun to normalize as the current correction […]
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- March 18th AUDJPY price recovers as buyers stage opposition. The recent weeks have witnessed a weaker spot in the Australian market, with sellers taking the lead and pushing the price downward. Their intention was clear: to race below the significant level of 96.880. However, their plans seem to have hit a roadblock as […]
