Market Analysis – March 21 AUDJPY experienced a major breakout in the year 2022. Another major breakout has been witnessed on the daily chart this year. The Bears have remained in control of the market since the reversal in September. AUDJPY Key Major Demand Levels: 87.890, 85.920, 83.900 Supply Levels: 91.180, 95.140, 98.230 AUDJPY Long-term […]
Market Analysis – March 13 AUDJPY has experienced a bearish breakout from a parallel channel. The market is currently approaching the 87.890 support level. AUDJPY Key Levels Supply Levels: 95.140, 98.230, 100.000 Demand Levels: 87.890, 85.920, 83.90 AUDJPY Long-term Trend: Bearish AUDJPY Bulls got exhausted after pushing through to reach 98.230. The sensitive major level […]
Market Analysis – February 28 The AUDJPY daily candles have swerved above the bearish trendline. The market has turned bullish with the double bottom above 87.890. AUDJPY Key Levels Demand Levels: 91.180, 87.890, 85.920 Supply Levels: 95.140, 98.230, 100.000 AUDJPY Long-term Trend: Bullish The market resumed its descent after reaching 95.140. Lower highs and lows […]
Market Analysis – February 13 The AUDJPY market structure has turned bullish as higher highs and lows are assembled from the 87.890 demand level. An ascending uptrend channel is also visible on the daily chart. AUDJPY Key Levels Demand Levels: 91.180, 87.890, 85.920 Supply Levels: 95.140, 98.230, 102.00 AUDJPY Long-term Trend: Bullish The AUDJPY market […]
AUDJPY Analysis – December 12 AUDJPY’s short-term bullish ride has finally reached a resistance region. The AUDJPY is still in a downward trend. The daily candles are decently organized within the bearish channel on the daily chart. The recent bullish candles formed in the previous week appear to be a counter-trend move. AUDJPY Major Levels Demand Levels: […]
AUDJPY Analysis – December 5 AUDJPY heads into the bullish order block to execute buy orders. While the bears are currently in total control of the market, the bullish order block around the 90.0 psychological level seems to be attracting prices for the next bullish phase to ensue. AUDJPY Significant Zones Demand Zones: 86.060, 77.890Supply […]
AUDJPY Analysis – November 28 AUDJPY slows down in its pace as the price is still ready for expansion. The current show on the AUDJPY gives us a clear appearance of price structure in the accumulation stage. The active traders are out of place, and this is a good time for prices to consolidate. The […]
AUDJPY Analysis – November 21 AUDJPY continues to grind in a tight range. The price tendency has remained stationary above the trending channel following its rupture from it. Both traders have been quite lethargic, causing a wide change in the market liquidity pool. Traders previously expected buy merchants to double up following a price breakout […]
AUDJPY Analysis- November 14 AUDJPY price is chipping away back to the 91.470 key zone as more expectations are raised by sellers. On the AUDJPY market, the sell traders seem to be lowering the bar as price action is now seen slipping. Taking a look at the Bollinger Band Indicator, the price action is seen […]
