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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trading suggestion:

Regarding the entry signal of DTO we will invest at Monday - if no GAP - when the market opens.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (76.05)
    • 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
    • Resistance on 01/03/2019
  • Ending of entry zone (74.55)
    • Support on 07/19/2010
    • Support on 08/26/2010
    • Support on 08/27/2010
    • Support on 08/31/2010
    • Support on 03/16/2011
    • Support on 09/26/2011
    • Support on 09/27/2011
    • Support on 09/29/2011
    • Resistance on 10/03/2011
    • Support on 06/01/2012
    • Support on 06/24/2016
    • Support on 06/27/2016
    • Support on 06/28/2016
    • Support on 07/06/2016
    • Support on 01/03/2019

DateFebruary 23, 2019 - 18:57
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 71.500 would begin in Midterm.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 79.80 on 02/21/2019, so more losses to support(s) 77.65, 76.80, 76.05 and minimum to Major Support (71.50) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 52.

Take Profits:

  1. 76.80
  2. 77.65
  3. 79.60
  4. 81.00
  5. 82.75
  6. 85.85
  7. 89.05
  8. 90.30
Click on the level to view price action history.