• Duncan Cooper , Senior Market Strategist & Trading Mentor at ACY Securities


• 18.01.2022 02:00 pm
#stocks , Duncan Cooper is a full-time trader and mentor and the Senior Market Strategist at ACY Securities. Trading full-time since 2009, Duncan's insights are from the battleground of real-time markets, not theory, and he thrives on educating traders to reach their financial goals.

Overview:

Watch the video for a summary of this week’s news releases and a complete top down analysis of the AUDJPY. Review my previous AUDJPY analysis here.

AUDJPY Monthly:

Monthly support at 78.46 and 77.85, resistance at 85.80.

Monthly chart is in an uptrend showing higher tops and bottoms. However, MACD may be crossing down signalling a change in trend.

AUDJPY Weekly:

Weekly support at 82.01 and 78.83, resistance at 83.97.

Weekly chart is in a downtrend showing a lower bottom. Price has rallied and may be forming a lower top at the 83.97 weekly resistance level.

AUDJPY Daily:

Daily support at 82.32, resistance at 82.81.

Daily chart is in a downtrend showing a lower top and lower bottoms.

Looking for price to rally back to 83.10 to 83.38, 62% to 79% fib retracement area. Price rallying back to this area would present an ideal opportunity to sell for the next decline in line with the immediate downtrend.

Looking to sell a rally on the 4 hour chart. Watch the video for a full break down of my analysis on how you could trade this pair to the downside based on the 4 hour chart.

Target for the next move down would be the 78.83 weekly support level.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

Overview:

Watch the video for a summary of this week’s news releases and a complete top down analysis of the AUDJPY. Review my previous AUDJPY analysis here.

AUDJPY Monthly:

Monthly support at 78.46 and 77.85, resistance at 85.80.

Monthly chart is in an uptrend showing higher tops and bottoms. However, MACD may be crossing down signalling a change in trend.

AUDJPY Weekly:

Weekly support at 82.01 and 78.83, resistance at 83.97.

Weekly chart is in a downtrend showing a lower bottom. Price has rallied and may be forming a lower top at the 83.97 weekly resistance level.

AUDJPY Daily:

Daily support at 82.32, resistance at 82.81.

Daily chart is in a downtrend showing a lower top and lower bottoms.

Looking for price to rally back to 83.10 to 83.38, 62% to 79% fib retracement area. Price rallying back to this area would present an ideal opportunity to sell for the next decline in line with the immediate downtrend.

Looking to sell a rally on the 4 hour chart. Watch the video for a full break down of my analysis on how you could trade this pair to the downside based on the 4 hour chart.

Target for the next move down would be the 78.83 weekly support level.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.