Блог Daytrader21
AUD/JPY Strong Seasonality Pattern
AUDJPY has been moving over the paste few years in a big range boxes and that's usually the case with a lot of pair crosses as this is their normal behavior. In Figure 1 we can see how this price action looks like. Usually when we enter in the territory of a new range boxes the new boxes that will form in the right side of the chart will use the middle of the range box from the left as the top and as the bottom will use the middle of the box from beneath the price action where most likely there …
AUD/JPY Range Box Trading
AUDJPY has been moving over the paste few years in a big range boxes and that's usually the case with a lot of pair crosses as this is their normal behavior. In Figure 1 we can see how this price action looks like. Usually when we enter in the territory of a new range boxes the new boxes that will form in the right side of the chart will use the middle of the range box from the left as the top and as the
bottom will use the middle of the box from beneath the price action where most likely there …
bottom will use the middle of the box from beneath the price action where most likely there …
AUD/JPY Strong Seasonality Pattern
Back in November we had an upthrust breakout above the current upward channel, but it proved to be a false breakout and now we're trading back within the channel boundaries. This false breakout is only telling us that at one point we had some eager buyers who for whatever reason wanted to be in this bullish move and usually that's how a trend move starts. And even thought we retraced back inside the channel that's a good sign as we don't want the market to move in a straight line as those usuall…
AUD/JPY Back Inside the Upward Channel
Back in November we had an upthrust breakout above the current upward channel, but it proved to be a false breakout and now we're trading back within the channel boundaries. This false breakout is only telling us that at one point we had some eager buyers who for whatever reason wanted to be in this bullish move and usually that's how a trend move starts. And even thought we retraced back inside the channel that's a good sign as we don't want the market to move in a straight line as those usuall…
AUD/JPY Upward Channel Ready to Break Down
It seems like AUD/JPY has been turning to the downside once we got in place the 98.50 swing high. On the weekly chart (see Figure 1) we can see the whole price structure which shows that since beginning of the year we have moved within an upward channel. But we lack momentum inside this upward channel that's one of the main reason why the up move was unsustained and now we're turning lower. Ultimately I'm expecting AUD/JPY to challenge again the 88.00 big pivot point.
Figure 1: AU
… AUD/JPY Never Ending Consolidation
AUD/JPY has been trading in a narrow consolidation zone(see Figure 1) for the entire summer period. Most significant movement happened right before the summer when we had a spike lower towards the 93.00 figure and since than the consolidation zone has narrowed even further with 94.40 support zone and 96.40 resistance zone. Current projections should go as this: first we need a break and a close below 94.00 level which is the bottom of this rectangle, followed by another break towards 92.00 level…
AUDJPY Stuck in Range
Since summer of last year AUD/JPY has been moving in a wide range zone without any define clear trend. From Figure 1 we can see how well defined this range zone was we has a range zone of 930 pips with resistance 95.60 at and support at 86.30. Inside this wedge based on Elliot Wave theory we should count at least 5 waves before we can move outside this range zone.
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