AUD/JPY may face range-bound conditions going in Japan’s 2016 fiscal year-end as it struggles to break the monthly opening range, but the broader outlook remains constructive as the pair preserves the bullish formations carried over from earlier this year. The lack of momentum to test the 87.70 (61.8% expansion) hurdle may keep AUD/JPY within a narrow range especially as the Relative Strength Index (RSI) preserves the downward trend carried ...
Monthly price is located below Ichimoku cloud with the bearish market condition. Descending triangle pattern was formed by the price to be broken to below with 72.38 support level for the bearish trend to be continuing, otherwise - ranging bearish.
AUD/JPY: daily breakout with the possible bullish reversal. The pair is on primary bearish market condition located below Ichimoku cloud with the secondary rally to be started: price is on local uptrend for the breakout of the key resistance levels trying to cross 84.79 resistance to above on close daily bar for the breakout to be continuing. Chinkou Span line is located below the price indicating the breakout to be continuing by the direction, and Absolute Strength indicator is estimating the bullish ...
Citigroup made a forecast for Fed hike for today in technical and fundamental ways: "Citi’s baseline is for a 25bps hike, but there remains considerable scope for surprise, as well as hifting communication to play a role. Ultimately we think the decision boils down to how the FOMC sees market conditions, and whether the recent volatility could lead the FOMC to temporarily postpone hiking.""In our view we place a 25% chance of a hike, and 75% for no hike. Still, the risk/reward favors ...
AUD/JPY just broke into fresh highs on the year during the 8/21 session after consolidating since April. AUD/JPY’s price action in 2014 can be described as bullish in Q1, then neutral since Q2 after price hit a high around 96.50. You can say that price has been in a sideways market, or you*can also say that it was in*an ascending triangle. The most important thing in the daily chart is that during this multi-month consolidation, price preserved the bullish bias by staying above the 200-day ...
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