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In order to forecast the closing price of the AUDJPY on the June 1st, I use the Fractal and Stochastic, and RSI indicators,. Based on the indicators, the weekly chart of the pair shows the main trend of the pair. Last year, during the first 26 weeks, the main trend is bearis, and during the second 26 weeks, the trend is bullish. Technically, the bearish trend shall repeat this year. Accordingly, the closing price of the pair shall touch 72.53 on the next June 1st.
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AUDJPY Shall Be Bullish
The price of the pair seems to be bullish. In order to predict the closing price of the pair, I just use the pair history by using the Rectangle 56%. When the chart was taken, the price moved around 93.60. Based on the pattern and the Stoch indicator (14, 3, 3), the price of the pair on the 2nd of January will hit or touch 97.13.
AUDJPY: It shall be bullish
The uptrend of the pair started in October last year and ended in April this year. The downtrend went on during April until last June. With an assumption that the uptrend will repeat, the price of the pair will hit or touch 94.37 on the next September 2.