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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Australian Dollar vs. Japanese Yen technical chart
Symbol AUDJPY

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateSat, 01/05/2019 - 18:58
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 78.75 would begin in Midterm.

Technical analysis:

  • The RSI bounced from the support #1 at 25 and it prevented price from more losses.
  • A trough is formed in daily chart at 77.65 on 12/26/2018, so more gains maximum to Major Resistance (78.75) 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 37.

Supports and Resistances:

  1. 90.30
  2. 89.05
  3. 87.50
  4. 85.80
  5. 84.45
  6. 83.90
  7. 83.10
  8. 82.50
  9. 81.30
  10. 80.70
  11. 79.60
  12. 76.80
  13. 72.50
Click on the level to view price action history.