AUD/JPY

CADJPY?

Yes ! 78.26 is a good entry in my opinion if it come back.

4H give 79.10 as target.

So you reckon AUDJPY up more too then? Looks like wants to touch 83 soon but it's clearly driven by USDJPY longs, seems a bit fishy to me.

Yes mate, yen is going clearly to 79.00 thats why i stopped to take short in audjpy. But I 'll go long with AJ if it close the week up to 82.85

Hello AJ traders,
I don't have a clear view of what the AUDUSD is doing. In fact, my TA tells, since several days that it "will" go down, but it's stubbornly bull as would say a long gone grizly. I concluded for myself that it would not be wise to trade AJ. More than that I did'nt get any signal or tradable pattern with this pair.
If I'm blind with AJ and AU, that's not the case with the Yen. Few weeks and days back my position on the Yen was that there is space for more strengthness of the Yen. And it did.
Now, I do believe that it's over. But it does'nt mean that it will weaken violently. But it will weaken probably and enough to make money in buying some yen cross pair. Looking for that, I found on thursday that cadjpy offered a good buy pattern in hourly and 30min charts. I bought it and it played well. I've taken only partial profit and I let half position running. I think that in long term (several days and weeks) it will pay well.
If you agree and if no one is opposed to post my cadjpy analyse in this thread, I'd be glad to share it with you.

Why do you believe this? I'm betting on a weakening Yen too (long AUDJPY), mostly based on the discrepency between the AUDUSD and AUDJPY weekly charts. Japanese fundamentals don't seem to justify this divergence with the USD and the export based Japanese economy and BoJ want a weak yen, so it's a partial bet on intervention, partially on fundamentals.

When trading AUD, I like to collect rather than pay carry, and there's no better pair for this than AUDJPY, which is what I've been focussing on recently. It's an unusual pair. It seems to me that AUD has gone through a bit of a shift recently from being quite a sensitive currency to risk on/off days (following equities) to becoming more sensitive to the carry trade and safehaven story as the SNB and now Bundesbank have begun to add AUD to their reserves for the first time. This of course could be more bullish for AUD, but could also add to volatility I suppose.


I entered a tiny long on the USDCAD, so short the CAD, on Friday when it appeared to be finding some support around midday on the US session. I feel I bit conflicted (hedged?) being short the CAD and long the AUD at the same time, but if what I said above holds true then there some justification for this I guess.

Hello Antipody, thank you for your first post on this thread and in FF. I wish you all the best in trading ! The fist step is alwahs the most difficult. I hope that there will be many more posts from you on this thread and others.
I do believe this because of what I see in 4h. The down trend channel was broken upside in june of this year. And few days later, the upper trend line was tested and confirmed. We have also a beginnign of a support line (white). But it does'nt mean that we enter a bull cycle. But if we zoom in. we can see that there is may be a falling wedge that was broken upside this friday. And coincidently, it occurs that at this level we have also the support line. So I think, that it's safe to long yen crosses.

On the fundamental side, I have nothing to say but to refer you at an excellent post of Fudoyomo 2 or 3 weeks back.

By the way do you know how is calculated cadjpy. I put this question on cadjpy but no one has answered me .



Bye.

It's too early, but to monitor closely AUD 30M. We never know with the aussie.

Update of H1 chart posted few days ago. Hope that it'll have fuel to go higher than the last time.
Edit/ cadjpy of course.

Closed my long with cadjpy. Doesn't seem to reach my target. Probably some correction or sidewalk to come in the next hours. So I prefer to take my profits and awaiting to reload.

The 30M AUD chart posted this morning worked but no very well.

Bye.

Why is it so quiet here and in audusd ?

This might be THE pair to be in over next few months, I think.

#254

Area to watch.

We are either at the bottom here and headed much higher or we might get down to 81.90 before turning up. Either way, 81.55 is the main place that needs to hold.

82.760 is the midpoint, break and close above that should lead us to 83.176/26, will be looking to sell there, as it may take some time before it's broken, if ever....

sell 82.000
stop 82.300
target 79.5 -79.7

Hi wo1
81.20 is an old support/resistance in 5m 10m, 30m and H1 charts. Am Looking around it to take a trade. Will post chart later. have to go. Good luck and welcome in this thread.

Hello all,

another member here wanted some charts on crosses so below are

2YR chart of USD/JPY and all the crosses performance: its a bit clouded but you can see the trends.

Then we have the Major JPY crosses shown in the second chart. this is a YTD Daily.

Then the third is a 30D 1Hr chart a more snapshot view on a shorter time frame.

I only trade AUD futures and options but JPY might look like a great trade soon on a reversal..

Anyways best to all trading this week heading into Jackson hole.

Gbp/jpy chf/jpy aud/jpy eur/jpy hkd/jpy mxn/jpy nzd/jpy pln/jpy sek/jpy try/jpy usd/jpy zar/jpy