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AUDJPY ON THE PRESSURE


In my technical analysis i will use moving average 100 and 200. If price is above moving average 100 and ma100 above ma 200 then price action tell us that pair is on bullish mode. If price is below ma 100 and ma100 is below ma 200 then we have bearish mode. If situation isnt clear with price action and moving averages then i use additional tolls.
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llolor avatar
llolor 1 Sep.

Great analysis

scramble avatar
scramble 1 Sep.

Im not really a fan of indicators, but anyway I like your analysis! Good luck :)

wisdom_consultant avatar

thoughtful!

MR_KHALEDBADRY avatar

good job

GUANYINDIZI avatar

good !

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AUDJPY proces of formating HS


Char 1. audjpy weekly
Audjpy have very bullish last week and close on trendline. This is mean resistance in this moment but on next week we have big impact events in Japan and this resistance on trendline can easy be history ( Chart 1)
Chart 2 - audjpy daily
My view is that break of this trendline will happen in next week or two. After that pair will go up to very strong resistance on 90.75 , breaking that resistance this pair get very bullish view but i think that resistance will hold in first…
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