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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (76.10 to 76.85). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is above the level 75.50, the probability of beginning of downtrend is too weak, so we would enter the market with sell trades based on Daily-Trading-Opportunities and a day close price below 75.50 and expect to reach short-term targets.

  • Beginning of entry zone (76.10)
    • Support on 06/16/2016
    • Support on 06/24/2016
    • Resistance on 06/28/2016
    • Resistance on 07/08/2016
    • Support on 08/19/2016
    • Support on 08/24/2016
    • Support on 09/13/2016
    • Support on 09/15/2016
    • Support on 09/21/2016
    • Support on 09/27/2016
    • Resistance on 01/03/2019
    • Resistance on 05/30/2019
    • Resistance on 07/01/2019
    • Resistance on 07/16/2019
    • Resistance on 07/19/2019
    • Resistance on 07/22/2019
    • Resistance on 07/23/2019
    • Resistance on 01/14/2020
    • Resistance on 01/16/2020
    • Resistance on 01/17/2020
    • Resistance on 06/04/2020
    • Resistance on 06/09/2020
    • Resistance on 07/21/2020
    • Resistance on 08/05/2020
    • Resistance on 08/10/2020
    • Resistance on 08/11/2020
    • Support on 08/19/2020
    • Resistance on 08/21/2020
    • Resistance on 08/24/2020
    • Support on 09/09/2020
    • Support on 09/17/2020
    • Support on 09/18/2020
  • Ending of entry zone (76.85)
    • Support on 11/09/2016
    • Resistance on 01/02/2019
    • Support on 01/07/2019
    • Support on 05/06/2019
    • Support on 05/08/2019
    • Resistance on 05/13/2019
    • Resistance on 06/05/2020
    • Resistance on 06/08/2020
    • Peak on 07/22/2020
    • Resistance on 07/22/2020
    • Resistance on 08/26/2020
    • Support on 09/04/2020
    • Support on 09/10/2020
    • Support on 09/14/2020
    • Support on 09/15/2020
    • Resistance on 09/18/2020

DateSeptember 21, 2020 - 22:18
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 78.45, beginning of downtrend is expected.
  • We make sure when the support at 75.50 breaks.
  • If the resistance at 78.45 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI support #1 at 48 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 78.48 on 08/31/2020, so more losses minimum to Major Support (75.50) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 38.

Take Profits:

  1. 74.70
  2. 73.40
  3. 72.40
  4. 71.10
  5. 69.95
Click on the level to view price action history.