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AUDJPY downtrend has no stopping

Aussie had nice bullish run over Japan for last 2 months till end of year 2015. But once 2016 started and Chinese Manufacturing PMI results released, the same old Chinese stock collapse started to shake the whole currency trading. Obviously it will resume the risk off aversion considering more weakness over commodity currency like Australia. In that aspect, please find further the Technical analysis of AUDJPY below,
Monthly chart:
- This pair is in such a steep downtrend and it is almost caught …
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ijayakumar 22 1月

Even though Trade balance was better from Chinese, the bearish trend continues and GDP was not that good enough to stop the bearish run either. It seems like Fundamentally Chinese and Aussie currency becoming more weaker and it might stay in that way for few more months at least!

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ijayakumar 29 1月

Other than today's surprise decrease in Interest rate from Japan, bearish trend of Aussie is still intact. Yet, the divergence has grown!

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AUDJPY is promising so far in search of bullish channel

Australia had a bad time along with declining Chinese trend and economic breakdown. Once Chinese economy started finding its way, Australian economy started developing in good pace along with promising employment data. On the other hand, Japan is struggling to achieve the inflation target even though unemployment is very low now, which shows that there are some fundamental weakness over wage and salary hikes. In line with that, please find the Technical analysis of AUDJPY as below,
Monthly chart
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AUDJPY is expected to breakout upside

Australian dollar has largely hit by the Chinese economic crisis for last 2 quarters and also the internal economy and Inflation. As things are slowly recovering back, I expect this pair to go strength to strength but slowly. Please find my analysis on charts.
Weekly chart:
- As shown in the chart, because of high selling pressure during last 2 months, long term support level 86 has been breached by this pair.
- But things are looking better at the moment, as this pair again started to break up…
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ijayakumar 20 11月

Aussie dollar has started it's bull run against all the pairs more than what has been expected. Hence it may seem like this pair may finish little above the expected value unless if Chinese deteriorates again.

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ijayakumar 11 12月

Aussie is in little consolidation stage now after producing two consecutive blockbuster employment report. We may expect a bullish Aussie again, post FOMC meeting next week!

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ijayakumar 17 12月

Aussie has completely gone down and hence reaching the set target may not happen if Aussie continue to be dull!

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AUDJPY bearish trend to continue

Australia economy is still in weak condition, as it's largely dependent Chinese market hasn't received yet. Please find below the further analysis on chart,
Weekly Chart:
No real patterns or movement in the Monthly chart, hence picket up the Weekly chart for analysis. Please find below some if my inferences,
- Connecting previous high's and low's formed a downtrend pattern and it's expected to continue further, as no real support is found
- Recent strong bearish price action (circled in red) a…
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ijayakumar 21 10月

Aussie dollar has started appreciating against it's pair, hence forecast might widen if Chinese economy and Aussie economy back on track!

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ijayakumar 11 11月

Aussie is well over the expected price range and this gap may widen if Aussie starts appreciating. But given the circumstances, it is highly unlikely for Aussie to dominate JPY, as Chinese data starts worsening. Hence I believe that this target still in sight!

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AUDJPY is about to breakout

AUDJPY is in strong downtrend since the Chinese economic collapse and it seems that the bearish outlook will continue.
From daily chart,
- The candles are setting up well below the 50 SMA which shows that it is in clear downtrend
- Price action shows that bearish candles are very strong but Green candles are weak and has lot of Doji's
- In this case, it is expected that this pair will go down further by this week.
From 4 hr chart,
- 4 hour chart also below the 50 SMA with weak green candles
- …
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ijayakumar 21 10月

Aussie dollar has started appreciating against it's pair, hence forecast prediction will be widen!

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