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AUDJpy moving down in extended bearish weekly channel

AudJpy is in a weekly bearish channel and moving towards lower trendline
On the weekly chart we can see the bearish channel:
Price is moving down now, and shows a strong bearish weekly candle
I expect a lower price in AudJpy next month
On the daily chart we can figure out when the downside might hold:
A double top has formed on the daily chart indicating a high is in place
Price of the pair has broken below the rising trendline, and below SMA's
MACD and Stoch are both bearish - I expect a sharp …
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Pair is slowly moving down towards projected target - 61.8% fibonacci expansion level

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Strong US data and subsequent higher UsdJpy have sent AudJpy back up too 77.5 area, will have to see whether Usd weakness (or Jpy strength) returns

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AdamFx42 15 Ago

No change yet

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AdamFx42 21 Ago

Price moving down slowly now - need more UsdJpy weakness to reach target, I guess

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AUD/JPY retracing to retest weekly channel

Aud/Jpy has broken above a weekly channel and should retest the upper border
after breaking out of a weekly channel in a very strong move up,
I expect this pair to show some retracement down
On the weekly chart I have drawn the Fibonacci retracement levels,
and the 23.6% first retracement level is the only one above the weekly trendline;
I would expect the retracement te end here - around 100,
because the combination of the upper border of the weekly channel and 23.6% weekly level is strong supp…
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Price has come down just below 100 to retest the breakout of the weekly channel as I expected
The combination of Fibonacci support, and the higher border of the weekly channel
has prevented the price from moving lower, price is above the 23.6% fibonacci retracement level
on the weekly chart, and price should start moving back up again now

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AUD/JPY supported by weekly bullish trendline

Aud/Jpy is moving down towards the lower border of the weekly trendline right now
The MACD and the RSI are both bearish
and the price has just broken below the 38.2% fibonacci retracement level again
We see all this playing out on the weekly chart
Aud/Jpy weekly chart
On the daily chart we can see that the 100% fibonacci expansion area of the last move down
and the lower border of the trendline form a support area together at a certain point;
I believe this support area will hold the price,
then…
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AdamFx42 19 Out

Lower trendline weekly has indeed been tested and has held the price drop as I predicted,
the bounce up is strong and price will probably move higher and then retrace again

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AUD/JPY expected to challenge recent highs

Aud/Jpy looks to challenge recent highs, as we see an upward channel on the weekly chart:

Aud/Jpy weekly chart
On the daily chart we can see a lot of bullish pressure as every move down leads to heavy buying
hence the long shadows on the candles,
we also find that Fibonacci expansion 61.8% of the latest move up
leads us to a target area to break the previous highs:
Aud/Jpy daily chart
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AdamFx42 29 Ago

Already overshot my target by a 100 pips - got the direction right, but not the magnitude of the move,
will wait and see if the upper border of the weekly channel holds for retracement down

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AdamFx42 11 Set

Top border of weekly channel has held the move up and retracement is on now

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AdamFx42 16 Set

need more retracement to hit my target - a retracement of Usd/Jpy down would help my cause

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AdamFx42 23 Set

price has reached target today, and is just 40 pips above now, a little move down should still come

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Now down too low - price is moving up nicely now, though
Need a strong move in Yen - like Usd/Jpy break of 110 to bring me to my target

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AUD/JPY moving back up again

Aud/Jpy is showing potential for a great move up to 102.5 next year
In my charts I will clarify where I expect it to be in February 2014
First, let's look at the monthly chart:
As we can see on the monthly chart the pair has broken out of a sideways range last year
that was confined by 61.8% Fibonacci retracement level - of the last large move in 2008 - to the upside
and is supported by a double bottom on the downside
It has already returned to test this breakout, and the 61.8% is now support fo…
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AdamFx42 29 Dez

Pair is now struggling around 103.5 going up slowly due to overall Aud weakness

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Aud strength is helping this pair challenge 94, which should break soon

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AUD strength prevailing on all fronts

Aud/Jpy should be moving up after 61.8% fibonacci retracement on weekly timeframe,the target for November should be around next resistence at 95.35On the weekly chart we can see that Fibonacci support at 61.8% holds after last move up and retracement downThe fibonacci expansion target points to 105, which indicates a long term move up and breakout of previous highs,but I don't expect this target to be hit in NovemberOn the daily chart we find that RSI holds well bullish and that MACD is crossing…
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need a strong move up now to break resistence

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AdamFx42 17 Out

Going strong now at 94+, should be exciting finish as three contestants are in the 95 area with their predictions

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AdamFx42 23 Out

This pullback to around 94 is fine, if we can get back up to 95 the coming week ...

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AdamFx42 27 Out

Aud/Jpy was hit hard last week because of trouble in China, so retracement looks like too much to recover from in the next couple of day's I was close, though, and I am feeling more confident in my predictions

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AdamFx42 28 Out

It seems that demand for Aud may be back because of eventual postponement of tapering by the FOMC - we shall see what happenes, it does mean 0.95 is a possible target again

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AUD:JPY back up to 105

I believe that Aud will find a way back up against other major pairs in september, after falling hundreds of pips the last few monthsand one of the pairs offers technical strong support to that theory: Aud:JpyAs we can see on the weekly chart an upward channel has been broken and the start of that channel to the top of the price shows us a Fibonnacci retracement of 61.8%where the pair has now bounced -- this indicates retracement and further upward moveOn the daily chart we can see that MACD has…
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annatimone avatar

Interesting. And what do you think about Brazilian Real?

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s_amira 1 Ago

Good analisis

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I'm sorry, annatimone - I don't do the real (don't even have the chart..)
Anyway - we are still at a cliffhanger here - August will have to show whether pair goes up some more - which will imply the coorporation of strong USD against JPY, or down

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