The down trend in AUDJPY from 89.00 level saw a technical rebound to 82.30 last week.
It has met with a down trend channel resistance line as shown.
There are other technical patterns, indicators, wave counts which I see as bearish. But I am just presenting a very simplified chart here.
In view of deepening US-China trade war, which is also spreading to involve diplomatic issues, there is potential for a major RISK OFF situation in global markets, centred around China/HK. Watch out for USD/CNH at 7.0000 and USD/HKD movements. They look vulnerable for a financial attack by hedge funds to break the band.
Meanwhile, RBA looks like a long way more before it will hike rates, whereas Fed is expected to hike another 0.25% this week.
As such, both Fundamental and Technical Analysis point to a potentially BIG, multi-week down trend in AUDJPY.
It has met with a down trend channel resistance line as shown.
There are other technical patterns, indicators, wave counts which I see as bearish. But I am just presenting a very simplified chart here.
In view of deepening US-China trade war, which is also spreading to involve diplomatic issues, there is potential for a major RISK OFF situation in global markets, centred around China/HK. Watch out for USD/CNH at 7.0000 and USD/HKD movements. They look vulnerable for a financial attack by hedge funds to break the band.
Meanwhile, RBA looks like a long way more before it will hike rates, whereas Fed is expected to hike another 0.25% this week.
As such, both Fundamental and Technical Analysis point to a potentially BIG, multi-week down trend in AUDJPY.
İşlem aktif
Current level is 81.83.Short at 81.83, STOP at 82.50.
Leave the take profit open. Add/ride if possible.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.