EN

AUDJPY - Downward trend will continue, Short trade by market price recommended

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-market-trend-1
Forecast Details
PairAUDJPY
Publication Time10/25/19 7:11 AM
Direction Sell
Status Closed (74.90)
Oct. 25, 2019
Nov. 1, 2019
Forecast
-115 p
75.35
Stop Loss
74.20
Entry
+130 p
72.90
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on AUDJPY. As a result, we recommend considering only Short trades at this time.
  2. There is an increase in the number of bulls on the upward movement, followed by correction. We consider this movement as a trap for buyers and look forward for a continuation of the downtrend.
  3. MVP line is above the price and acts as a resistance level.
    index: 1x 0.055294990539551s
t_/pages/forecast: 1x 0.050180912017822s
t_/common/header-new: 1x 0.032131195068359s
t_/common/head: 1x 0.022228956222534s
t_/common/footer-new: 1x 0.006403923034668s
router_page: 1x 0.0018680095672607s
router: 1x 0.0010230541229248s
t_/popups/on-download: 1x 0.00094199180603027s
t_/common/cookie-banner: 1x 0.00063085556030273s
t_/blocks/sidebar-afil: 1x 0.00051498413085938s
service-routes: 1x 0.00036215782165527s
router_redirection: 1x 0.00021696090698242s
t_/popups/zoom: 1x 4.8160552978516E-5s
----- END OF DUMP (2025-05-18 00:13:05)  -----