Advertisement
Advertisement

Bullish Equities = Bullish AUD/JPY

By:
Nenad Kerkez
Published: Apr 28, 2020, 07:34 UTC

The AUD/JPY is the best pair to compare Equities with as the excellent correlation exists on all time frames.

AUD/USD

In this article:

Dear Traders,

The AUD/JPY is the best pair to compare Equities with as the excellent correlation exists on all time frames.

At this point, the AUD/JPY wants to make a continuation move towards 69.52, daily camarilla pivot. If the market manages to close above, we should see a continuation of the confluence target, which is 69.75. We can also see the ATR projection up there. Only if the trend line breaks lower, we might see a deeper correction down as the AUD/JPY is strongly bullish.

undefined

The Analysis has been done with the CAMMACD.Core and Sit Systems

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

Did you find this article useful?

Advertisement