AUD/JPY (Australian Dollar to Yen) Forecast, Page 1

USD/JPYAlthough USDJPY’s U-turn from 100-day SMA & support-line of short-term symmetrical triangle helped it cross 50-day SMA, the triangle-resistance, at 114.00, could challenge the pair’s strength. Given the buyers’ ability to surpass 114.00 barrier on a daily closing basis, the 114.55 and the 115.00 might entertain them before pleasing with

USD/JPYFollowing its pullback from 112.30, the USDJPY is again preparing to conquer 114.05-10 horizontal-resistance; however, a closing break above the same is required for the pair to aim for 114.55 & 114.75 numbers to north. In case prices manage to provide a D1 close beyond 114.75, the 61.8% FE level

One of the best looking setups among major pairs can be seen on the AUDUSD, where we do have a beautiful reversal pattern and according to the price action rules, we should soon see the further rise. We are talking here about the setup on the daily chart, which only

AUD/USDEarly-month risk-on moves recently helped the AUD to recover some of its latest losses and AUDUSD is no exception to this as it crossed 0.7145-40 region; however, the pair needs to sustain the breakout in order to aim for 0.7200 and the 0.7235-40 resistance-area. Given the quote continue rising past-0.7240,

The new week starts for us with the analysis of the USDJPY, where we do have a nice bullish setup. That is something new in October as the 10th month of the year is so far negative for this instrument and up to date, is bringing us a strong decline.It seems

USD/JPYWith the 114.50-75 horizontal-region and overbought RSI restricting the USDJPY’s further upside, chances of the pair’s pullback to 113.35 and then to the 112.60 are quite high. However, the 112.15-10 and the 111.30-15 support-confluence, comprising 100-day SMA & upward slanting TL, could challenge the quote’s declines past-113.35. In case prices

AUD/USDAUDUSD’s recovery from 0.7080 region may find it hard to prevail for long as not only 0.7235-40 horizontal-area but the descending TL figure of 0.7265 could also challenge the Aussie buyers. If the pair manage to surpass 0.7265 trend-line barrier, the 0.7320 and the 0.7355 can come back on the

EURUSD still cannot decide if they want to go up or down. The major neckline is still a support so we do not have a sell signal but in the same time, the line connecting the top of the head and the right shoulder is also intact. For a proper

The last week was very eventful for the USDJPY. Apart from the technical analysis, positive sentiment was strengthened here by the rise of the global exchanges. In the last week, USDJPY broke three important resistances. In theory, that should be a strong buy signal. Let us see if the positive

AUDJPY used the inverse head and shoulders pattern to come back above the long-term resistance on the 80.7. Later, the price created a flag pattern and used that to bounce from this level and climb higher making new mid-term tops. The sentiment is back to the positive one.Gold is climbing

Yesterday and today, EURAUD is climbing higher but just to test the super important horizontal resistance. EURAUD met a combination of three crucial elements. First one is the upper line of the bearish flag formation. The second one is the horizontal resistance, which previously, for many weeks was a support

AUD/USDNotwithstanding the AUDUSD’s sustained trading above a fortnight long ascending trend-line, the pair can’t be termed strong as immediate downward slanting TL, at 0.7455, followed by the 0.7480-85 horizontal-region, still stand tall to challenge the buyers. In case the pair surpasses the 0.7485, the 0.7500 may offer an intermediate halt

After a phase of heavy growth in the middle of July, the USD has finally given Yen a chance to reassert itself. It looks like now the market is almost not interested in safe assets as Yen, for example, and is calmly assessing external risk levels.Now, investors are paying more

AUD/USDHaving registered another failure to surpass the 50-day SMA, the AUDUSD is likely declining towards the 0.7350 and the 0.7310 supports; though, 61.8% FE level of its recent dip, around 0.7255, can limit the pair’s following downside. Should Bears refrain to respect the 0.7255 mark, the medium-term descending trend-line, at

The Dollar/Yen is trading sharply lower early Monday as investors continue to react to a combination of potentially bearish fundamental and technical events.At 0618 GMT, the USD/JPY is trading 110.931, down 0.532 or 0.47%.The forex pair opened lower early Monday in reaction to U.S. President Donald Trump’s comments on the

Worse CPI in the UK sends the GBP lower. On the GBPCAD it helps to break the long-term up trendline and the lower line of the rectangle. That is a strong sell.AUDJPY created two shooting stars on the daily chart and the head and shoulders formation on the H4. We

The USDJPY is coiling for a significant break and the technical analysis points to higher levels. This article focuses on a potential bullish case for the pair and how should bulls position to take the most out of the upcoming trend.A mandatory condition for a bullish flag is a vertical

The end of the last week and the start of this one are great for the currencies from the antipodes: AUD and NZD. In the battle of those two, the AUD seems a bit stronger, that is why we will focus on the first one. If you trade, you buy

AUD/USDFollowing its U-turn from 0.7805–0.7800 horizontal-resistance, the AUDUSD seems declining towards 0.7725-20 support test, but oversold RSI may confine the pair’s further downside, failing to which can highlight the 0.7700 and the 0.7670 rest-points. During the pair’s additional south-run beneath the 0.7670, the 0.7650 may become an important level to

Wednesday is a Head and Shoulders day in our analysis! Today we do have three great trading occasions for you based on this popular pattern.First one is the USDCAD, where the price created a big Head and Shoulders pattern. I bet that many traders saw that and were expecting the bearish