• AUDJPY broke out of resistance, further potential drop!

    AUDJPY broke out of our ascending channel and reacted off our first resistance at 83.27 (horizontal overlap resistance, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 82.68 (horizontal overlap support). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish […]

  • AUDJPY testing support, potential rise!

    AUDJPY is testing our first support at 83.32 (horizontal overlap support, 23.6%, 61.8% Fibonacci retracement, 100% Fibonacci extension, support of ascending channel). A strong bounce might occur above this level, pushing price up to our major resistance at 84.08 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish […]

  • AUDJPY approaching first resistance, potential drop!

    AUDJPY is approaching our first resistance at 82.59 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction could occur at this level pushing price down to our major support at 81.94 (horizontal overlap support, 38.2% Fibonacci retracement). A breakout below our short term ascending support line might provide the bearish acceleration to our […]

  • AUDJPY approaching resistance, watch for breakout!

    AUDJPY is approaching our first resistance at 82.50 (horizontal overlap resistance, 50% Fibonacci retracement). A breakout above this level might cause a strong rally up to our second resistance at 83.56 (horizontal pullback resistance, 76.4% Fibonacci retracement). Price also broke the long term descending resistance-turned-support line and we are also seeing a bullish exit from […]

  • AUDJPY is testing resistance, potential drop!

    AUDJPY is testing our first resistance at 81.39 (50% Fibonacci retracement, horizontal overlap resistance, 61.8% Fibonacci extension) which coincides with the long term descending resistance line. A strong reaction might occur at this level pushing price down to our major support at 80.58 (Horizontal swing low support, 61.8% Fibonacci extension). RSI (55) is also approaching […]

  • AUDJPY is testing resistance, potential drop!

    AUDJPY is testing our first resistance at 81.86 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 61.8% Fibonacci retracement) which coincides with the long term descending resistance line. A strong reaction might occur at this level pushing price down to our major support at 80.95 (Horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). A […]

  • AUDJPY bounced off major support, potential rise!

    AUDJPY bounced off its major support at 83.35 (horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension). A strong reaction could occur at this level, pushing price up to our next major resistance at 84.56 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,3,5) is also approaching its major support at 5% […]

  • AUDJPY approaching major resistance, potential drop!

    AUDJPY is approaching strong resistance at 83.31 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to major support at 81.56 (Fibonacci extension, horizontal swing low support). We do have to be cautious about our intermediate support at 82.12 (Fibonacci retracement, horizontal overlap support) […]

  • AUDJPY dropped perfectly as forecasted, prepare for a potential bounce!

    Price has dropped absolutely perfectly as forecasted and has reached our major support level. A strong bounce could occur at this major support level 88.43 (Fibonacci retracement, horizontal overlap support) which could drive price up towards 89.03 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 2.6% where a corresponding […]

  • AUDJPY experiencing major resistance, potential upcoming drop!

    Price is now testing major resistance at 89.00 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and a potential major reversal could occur at this level to push price down towards 88.43 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur. Trading CFDs […]

  • AUDJPY continues to test major resistance!

    Price continues to hover and test our major resistance at 88.04 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance, bearish price action) and a strong reaction could occur at this level to push price down towards 86.20 support (50% Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below our 97% […]

  • AUDJPY right on major resistance!

    Price is now testing major resistance at 88.04 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance, bearish price action) and a strong reaction could occur at this level to push price down towards 86.20 support (50% Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below our 97% level of resistance. […]