Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
AUDJPY Price Analysis – August 16
A successful AUDJPY break and retest strategy would move the price to higher levels. The market had also executed this strategy when it was falling off the 82.900 price level. Price had been knocking down on this level for 95 trading days before the market fell, eventually on the 7th of July 2021. AUDJPY descended into a downward channel after executing a successful break and retest strategy below the 82.900 critical level.
AUDJPY Key Levels
Resistance Levels: 82.900, 81.500, 80.760
Support Levels: 79.800, 79.250, 78.200
AUDJPY Long Term Trend: Bullish
The market began descending steadily down a channel since its successful break and retest strategy. This downtrend continued till the beginning of August, when things began to take a different turn. Bulls cunningly phased the market out of the downtrend channel using the 80.760 support level on the 5th of August. Bears halted AUDJPY’s premature climb immediately at 81.500. Hence the price has now pulled back to carry out another break and retest strategy to surge upwards.
The retracement began on the 12th of August, and price has been longing to retest the channel’s upper border. A powerful confluence of the upper border and the 79.800 significant support await the market. The Elders Force Index has taken a slight plunge below the zero mark to reflect current market retracement. Not plunging very intensely at this point shows that a significant volume of buyers is still upholding the market.
AUDJPY Short Term Trend: Bearish
Falling from the 80.760 key level, there has been much intensity shown by a line-up of 6 bearish candles on the 4-hour chart. The MACD (Moving Average Convergence Divergence) shows strong and increasing bearish bars to reflect that intensity. The market is now driving towards the confluence zone. If the price drops with its current bearish intensity on the confluence, the market will proportionally spring up very high.
Bears could yet exploit the current bearish intensity of the market to break through a weakness and plunge back to the descending channel. But aside from this, price should retest the confluence and spring higher. The key level is in sight is 82.900.
You can purchase crypto coins here: Buy coins
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus