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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:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (76.05 to 74.55). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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 09/26/2011
    • Support on 09/27/2011
    • Support on 09/29/2011
    • Resistance on 10/03/2011
    • Support on 10/07/2011
    • 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

DateSat, 03/23/2019 - 17:42
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 71.50, beginning of uptrend is expected.
  • We make sure when the resistance at 79.60 breaks.
  • If the support at 71.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 79.40 on 03/18/2019, so more losses to support(s) 77.65, 76.80, 76.05 and minimum to Major Support (71.50) 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 37.

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.