Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Forex Market Commentary By TitanFX
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="titanfx, post: 115203, member: 33464"] [SIZE=6][B]AUDJPY – Aussie Dollar Looking For New High Vs Japanese Yen[/B][/SIZE] [SIZE=5][B]Key Highlights [/B][/SIZE] · The Aussie dollar climbed above the 82.00 resistance against the Japanese yen to clear the way for more gains. · There is a major bullish trend line formed on the 4-hours chart of AUDJPY, which may act as support on the downside at 81.50. · Recently, the pair broke a bearish trend line on the same chart at 81.60. · Today, the Construction Work Done released by the Australian Bureau of Statistics posted a decrease of 4.9% in Q3 2016. [SIZE=5][B]AUDJPY Technical Analysis[/B][/SIZE] The Aussie dollar managed to climb higher versus the Japanese yen and closed above the 82.00 resistance. The AUDJPY pair remains in an uptrend and may continue to move higher. [IMG]https://titanfx.com/wp-content/uploads/2016/11/AUDJPY-11.23.2016-768x401.png[/IMG] The pair is trading higher and recently broke the 61.8% Fib retracement level of the last decline from the 82.59 high to 51.12 low. A bullish trend line on the 4-hours chart of AUDJPY acted as a support and pushed the pair higher. On the upside, it looks like the pair may test the 1.236 extension of the last decline from the 82.59 high to 51.12 low at 82.94. On the downside, the pair remains supported near 81.50 and the highlighted bullish trend line. ------------------------------------------- [B][I]Posted by Aayush Jindal - 'Titan FX Currency Analyst'[/I][/B] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…