Jump to content

Audjpy down break coming shortly

Guest Mthivele

Recommended Posts

Can't quite see the time frame on the chart pic @Mthivele, might be worth trying to post a saved chart rather than a pic.  As you suggesting a break down or up here?  Are you suggesting s short term move or a longer term breakout?

This isn't a market I look at and there is insufficient historic data for me to get a long term view here but from the daily chart it looks like we could be seeing a V bottom that, if it breaks above the top of the V, would be a good Long.  This is consistent with AUDUSD, where I am anticipating a similar situation.  That said, the Yen looks like it may stage a rally vs USD (down on USDJPY) and that is my long term prognosis BUT we could see a medium term rally in USDJPY if stocks rally.  All in all not a clear picture to me but as I said I don't look at AUDJPY.  Thanks for posting the idea though, let's see how it plays out.


  • Like 1
Link to comment
  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 09/06/23 17:04
  • Posts

    • Hi,  I started trading Brent Crude Oil in IG platform but I could find a formula to correctly calculate the size I have to put while creating a position, based on the available amount I have. The quotation is based in points and it makes me wonder how operate. Any help is welcome.  Also, I plan to work with some leverage in the future, so any tip on this matter is also welcome.  Thanks.  
    • Greetings fellow traders, I am thrilled to share an exciting intraday trading idea for EURAUD that could potentially boost your profits. At Gold Signals by Professor, we have conducted a thorough technical analysis and confidently recommend a Buy position for traders like you. Our analysis indicates a significant development: EURAUD has managed to sustain itself above the crucial level of 1.60927. This breakthrough suggests a positive momentum, with potential targets at 1.61500 and 1.61800. To mitigate risks, we advise setting a stop loss around 1.60375. In order to maximize your trading success, it is vital to stay well-informed about the latest news and events that may impact the FX market. Factors such as global economic conditions, geopolitical tensions, and central bank policies can influence the price movements of EURAUD. Please note that the momentum of the trade can be influenced by unforeseen events or news. Therefore, we will be updating this level regularly in our channel to ensure you have access to the most recent trends and analysis of Gold and its trading potential. Wishing you all a prosperous day filled with successful trades!
    • Update - I am trying to transfer the existing Polymetal shares with IG.com to Wood & Co. Has anyone tried this or are in the process? You will need a bank account with bank in EU or Revolut bank app. The form for requesting transfer is on https://polymetal.wood.com/form/individuals
  • Create New...