Aussie Yen: Strong Bullish Momentum As Yen Collapsed
ที่อัปเดต:
Hello Fellow Forex Traders, Here is a technical analysis of AUDJPY!
The recent price action of AUDJPY indicates a potential continuation of the bullish trend as it has consistently rebounded from the EMA90 line. Moreover, we can observe the formation of a falling wedge pattern, followed by a trendline breakout. This breakout suggests the likelihood of an upward movement soon. To further support this possibility, the MACD indicator has formed a golden cross, which typically signifies a bullish trend, indicating a potential upward movement toward the target area.
Upon reaching the first target/resistance level, a potential correction scenario may occur before going to the second target.
It is important to keep in mind that once the target/support area is reached, the roadmap provided may no longer be valid.
If you find this analysis helpful, I encourage you to show your support by clicking the rocket button and sharing your opinions in the comments section below.
"Disclaimer: This analysis is intended solely for educational purposes and should not be considered as a recommendation to take a long or short position on the
AUDJPY currency pair."
Wishing you successful trading endeavors!
The recent price action of AUDJPY indicates a potential continuation of the bullish trend as it has consistently rebounded from the EMA90 line. Moreover, we can observe the formation of a falling wedge pattern, followed by a trendline breakout. This breakout suggests the likelihood of an upward movement soon. To further support this possibility, the MACD indicator has formed a golden cross, which typically signifies a bullish trend, indicating a potential upward movement toward the target area.
Upon reaching the first target/resistance level, a potential correction scenario may occur before going to the second target.
It is important to keep in mind that once the target/support area is reached, the roadmap provided may no longer be valid.
If you find this analysis helpful, I encourage you to show your support by clicking the rocket button and sharing your opinions in the comments section below.
"Disclaimer: This analysis is intended solely for educational purposes and should not be considered as a recommendation to take a long or short position on the
AUDJPY currency pair."Wishing you successful trading endeavors!
การซื้อขายยังคงดำเนินอยู่
JPYBASKET has continued to make lower highs and lower lows. It seems the bearish trend still overtakes the market :(
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