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AUD/JPY MAY RISE AFTER CORRECTION

Recently published economic data of Australia is showing good economic growth but Reserve Bank oF Australia maintaining a cautious look but if dta shows strong growth obviously they will need to hike interest rates. So I expect AUD/JPY to rise.
TECHNICAL ANALYSIS: AUD/JPY is uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
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AUD/JPY MAY REMAIN IN UPTREND

AUD/JPY is in uptrend as there are speculations by market participants that Reserve Bank of Australia may rise rates as Australian economy is doing well and inflation is also rising.
TECHNICAL ANALYSYS: AUD/JPY is rising after correction on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • AUD/CAD is above the middle level of Bollinger band.
  • ADX is falling.
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Avnish26 25 sep

AUD/JPY is just 100 pips away from my target and 6 days are left so its possible and may touch my target.

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Avnish26 27 sep

AUD/JPY has started uptrend again as predicted it has made new high of 90.3 in recent days and now it is in correction mode. Stabilising near support at 88.1.

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TECHNICAL OUTLOOK ON AUD/JPY

AUD/JPY is in uptrend, as recently published economic data suggests more growth to follows in Australia and China's GDP also beat market expectation which is major importer of Australia's natural resources.
TECHNICAL ANALYSIS: AUD/JPY is in uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • AUD/JPY is near the upper level of Bollinger band.
  • ADX is rising.
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Avnish26 24 aou

AUD/JPY has seen correction and will rise again as USD/JPY is rising .

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TECHNICAL OUTLOOK ON AUD/JPY

AUD/JPY is consolidating on weekly and on monthly chart. Australian economy is passing through economic slowdown, as well as AUD is market linked currency. JPY acts as safe haven and recent political turmoil in US helped JPY to grow stronger and economic data of Japan is also on growth track. So I expect AUD/JPY to remain sideways for some more time and it will trade range bound.
TECHNICAL ANALYSIS: AUD/USD is in sideways trend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMOD…
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AUD/JPY MAY START UPTREND

AUD/JPY is in correction mode on weekly and on monthly chart.
Recently published economic data is also showing some good signs of economic strength in Australian economy. So I expect AUD/JPY may again start uptrend.
TECHNICAL ANALYSIS: AUD/JPY is in downtrendtrend trend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • AUD/JPY is at the middle of Bollinger band.
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Avnish26 16 juin

In Q1 2017 the Australian GDP grew 0.3 %(QoQ), marking 103 consecutive periods without a recession, one of the longest streaks in the world. The Jobless rate in May2017 also came at 5.5% touching the 51 months low. The growth not withstanding the Australian economy may face headwinds as subdued prices of iron ore, coal and oil and slower growth in China may lower exports revenues.
In Japan the economy is picking up speed in GDP growth. It grew 0.3% (QoQ) and 1.3% (YoY) coming out of contraction mode seen few years back. Inflation is also running 0.4% which is well below the BoJ target.

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Avnish26 28 juin

New Motor Vehicle Sales (MoM) is rising in Australia. More sales indicates people capacity about spending and their growth in income. As demand reaise production, more production creates employment. In Australia the House Price Index is also rising. This index is about changes housing price in Australia's eight provincial capital cities. This is calculates as weighted average percentage change from the previous quarter. This index measures inflationary pressures from housing sector. This gives idea about economic well being of country.

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AUD/JPY TECHNICAL OUTLOOK

AUD/JPY is in downtrend as because of Geopolitical tensions JPY got stronger these days. I expect it to show some recovery as these geopolitical tensions fade away. And as when Markets will start uptrend AUD will follow them.
TOOLS USED: BOLLINGER BAND, ADX, Commodity Channel Index, MACD.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • AUD/NZD is near the LOWER end of Bollinger Bands.
  • ADX is falling.
  • CCI is rising.
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Avnish26 avatar

As  predicted AUD/JPY is in downtrend.

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Avnish26 17 mai

AUD/JPY is showing some recovery from low level.

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Avnish26 17 mai

It is trading close to my target.

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Avnish26 24 mai

AUD/JPY started uptrend and may reach my target.

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Avnish26 24 mai

AUD/JPY is trading sideways on four hourly chart. It is in consolidation phase. And started uptrend from lower levels.

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AUD/JPY SOME CORRECTION MAY HAPPEN

Both the countries Central Banks are not going to make changes in coming months.
TECHNICAL ANALYSIS:
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • After touching upper end of Bollinger band USD/JPY went into correction mode and again tried to move up and consolidating.
  • ADX is rising.
  • MACD is in buy mode.
  • CCI falling.

MONTHLY CHART:
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Avnish26 25 fév

Japan’s index of leading economic indicators rose less-than-expected last month  In a report, Cabinet Office said that Japan’s index of leading economic indicators rose to a seasonally adjusted 104.8, from 105.2 in the preceding month.

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Avnish26 25 fév

Australian business investment has fallen for the fourth straight quarter as miners continue to cut back, but other sectors narrowly upgraded their spending plans for the year in tentative signs of recovery.

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AUD/JPY POSSIBILITY OF RETRACEMENT

AUSTRALIA AUD
  • Consumer prices in Australia rose 1.5 percent through the year to the fourth quarter of 2016 from 1.3 percent in the September quarter while markets expected a 1.6 percent rise.
  • Australia's seasonally adjusted unemployment rate rose to 5.8 percent in December of 2016 from 5.7 percent in November.
  • Australia Posts First Trade Surplus in 32 Months in November
JAPAN JPY


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someday777777 avatar

cool

Sveetlana avatar
Sveetlana 26 fév

well done!)

simi avatar
simi 27 fév

Interesting and good detailed explanation!

marina2016 avatar

нравится)

Avnish26 avatar
Avnish26 29 mar

It is widely known that AUD/JPY is a high beta play on the dollar where both AUD and JPY retain a high correlation.

We can see on the daily candle chart some multi-year lows last year around the Brexit vote and Trump victory. The most recent highs in mid December and February match the Fed’s interest rate hike and Yellen’s bullish semi-annual testimony. Prices appear to have now formed a bullish ascending triangle. Price support comes in the form of the ascending trendline drawn from the end of December at 83.44. A flat trendline in the 87.25 area is acting as a strong point of resistance.

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