Market Analysis- February 22 AUDJPY buyers gain momentum as a breakthrough looms. The buyers are fueled by the anticipation of a Bullish breakout. This week has marked the beginning of significant progress for AUDJPY, especially on the lower frame. The support level of 95.590 has aided the push above the resistance level of 98.300. A […]
AUDJPY Analysis – February 8 AUDJPY seeks a breakthrough amidst consolidation. The currency pair is currently in a consolidation phase, but it is seeking a stronger direction rather than remaining stagnant this week. The market has yet to show a significant improvement this year. However, the bears are actively seeking a breakthrough. The significant level […]
AUDJPY Analysis – January 1 AUDJPY remains bullish as the Moving Average Cross signals an upward move. The AUDJPY pair had transitioned to a bullish trend, ending the bearish trend since early 2023. Following a crash into the 86.100 demand zone, the market experienced a rally, propelling prices upward, reaching a peak at 97.700. The […]
Market Analysis – December 26 The AUDJPY market turns bearish as the market ends its bullish trend at 98.600. The market was moving bullishly up until recently. After the price struck the 86.100 support level in March 2023, the bullish swings started from the discount zone. The current downturn started at the end of the […]
Market Analysis – December 18 AUDJPY buyers return to the market as the price leaves the discount zone. The market experiences a prevailing surge in positive momentum, marked by intricate variations in prices oscillating between the premium and discount zones. The current upward trend originates from a recent retreat near the rejection block, hinting at […]
AUDJPY Analysis – December 7 AUDJPY faces downward as the price hits the upper boundary of the Bollinger Bands in the supply zone. The breakout from the consolidation between 95.000 and 94.000 set the price to the upside along a diagonal support. The recent breakout of the diagonal support is likely to enhance a rapid […]
AUDJPY Analysis – November 22 AUDJPY continues its major decline into the discount zone. Owing to the overwhelming selling pressure at the major resistance at 98.600, the market has made a reversal to the downside. The ongoing downtrend is likely to last for a while since the price recently entered an overbought state. AUDJPY Key […]
Market Analysis – November 16 AUDJPY begins a major decline as the price enters an overbought zone, according to the RSI (Relative Strength Index). The recent reaction of AUDJPY to the overbought zone in the 95.550 supply zone indicates an impending crash to the downside. However, the impending downtrend might last only for a short […]
Market Analysis – July 31 AUDJPY has recently displayed a noteworthy development, forming a double-bottom bullish reversal pattern as it tested the previous resistance zone at 93.0. This resistance level lies within the discount region of the last bullish swing on the daily chart. Key Levels For AUDJPY Demand Levels: 94.000, 93.500, 93.000 Supply Levels: […]
