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Audjpylong

AUDJPY is facing bullish pressure, potential for further rise!Price is approaching our 1st support, in line with our 38.2% Fibonacci retracement and 100% Fibonacci extension. We could potentially see a bounce at this level and a further rise up towards our 1st resistance, which is in line with our 78.6% Fibonacci extension and horizontal swing high resistance. It is worth noting that the MACD indicator is also holding above the 0 line, showing bullish pressure in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
Breakout Identified in AUDJPYThe Breakout Opportunities system has just bought AUDJPY at 84.713. The system recommends entering this trade at any price between 84.586 and 84.852. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.926, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour low of 84.204 and a profit target has been set at the 1 Day ATR level at 85.269. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. Signal ID: 75353 Time Issued: Monday, 15 March 2021 01:20:16 GMT Status: open Entry: 84.586 - 84.852 Limit: N/A Stop Loss: N/A Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
27
AUDJPY - Bearish BiasAUD - BULLISH 1️⃣ The Westpac-Melbourne Institute Index of Consumer Sentiment increased by 2.6% in March, a near 10-year high driven by improving economic conditions and prospects, both domestically and abroad. 2️⃣ The risk-on mood benefitted the AUD. JPY - BEARISH 1️⃣ The passage of US President Joe Biden’s coronavirus relief package boosted optimism in the US economic recovery. 2️⃣ Positive risk tone weighing on the safe-haven JPY. ===== Technical ===== We are looking to buy the AUDJPY at support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
AUDJPY approaching 1st support, potential for a bounce!Price is approaching our 1st support, which is in line with our 61.8% Fibonacci retracement, 127.2% Fibonacci extension, and ascending trendline support. We could potentially see a bounce at this level as price continues to hold above the ascending trendline support, and a further push up towards our 1st resistance, which is in line with our 127.2% Fibonacci extension and horizontal swing high resistance. It is worth noting that price continues to hold above the ascending trendline and moving average support, in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
3
AUDJPY +50PIPS PROFIT TAKENOne of our last trades that we entered here at forexinsightsuk early hours yesterday was the AUDJPY. This trade took off just how we wanted it too but never finished the way we'd liked. We manually closed out of this trade 50 Pips in profit as we were encountering a pull back which indicated to us a slow down of bullish momentum. We didn't want to risk loosing any profits considering the week that we have had. Therefore a wise move was to close out in a comfortable position without the fear of holding and loosing. We are currently searching the markets for another setup today, but unfortunately nothing is jumping out at us at the moment so we won't force any trades. We will keep you updated a little later on whether we enter any positions. Good luck and have a great Friday Guys.
Long
by Forexinsightsuk
7
Breakout Identified in AUDJPYThe Breakout Opportunities system has just bought AUDJPY at 83.74. The system recommends entering this trade at any price between 83.558 and 83.878. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.972, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour low of 83.01 and a profit target has been set at the 1 Day ATR level at 84.294. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. Signal ID: 75211 Time Issued: Thursday, 04 March 2021 08:41:15 GMT Status: open Entry: 83.558 - 83.878 Limit: 84.294 Stop Loss: 83.010 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
3
AUDJPY - SWING - 03. MAR. 2021Welcome to our weekly trade setup ( AUDJPY )! - 1 HOUR Bearish pullback in a bullish market structure.. 4 HOUR Pullback formed and price retraced. DAILY Expecting more upside pressure now! - FOREX SWING BUY AUDJPY ENTRY LEVEL @ 83.150 SL @ 82.140 TP @ 84.610 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
43
AUDJPY facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above both the ascending trendline and moving average support, in line with our bullish bias. We could potentially see a bounce at our 1st support level at 83.375, which is in line with our 23.6%, 38.2% Fibonacci retracement levels and 61.8% Fibonacci extension, and a further rise towards our 1st resistance level at 84.324, which is in line with our 78.6% Fibonacci retracement and 127.2% Fibonacci extension levels. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
4
Possible trend shift in AUDJPY – going longThe Tidal Shift Strategy has just bought AUDJPY at 83.509. The system recommends entering this trade at any price between 83.291 and 83.727. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.294, which suggests that the AUDJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.174, so the stop loss has been set at 82.637. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 75202 Time Issued: Wednesday, 03 March 2021 00:00:15 GMT Status: open Entry: 83.291 - 83.727 Limit: N/A Stop Loss: 82.637 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
2