Sails Up


I expect the easterly winds to push down the AUD/JPY this week.  The Reserve Bank of Australia did the AUD a disservice with its recent dovish rhetoric and failed to hike rates recently.  135 more words


AUD/JPY nears a big technical levels

87.37 is the inverse head and shoulder neckline and 87.64 is the 50% Fibonacci retracement of 2014 high and 2016 low. A break above 87.64 looks likely if we take into account a nice rebound from the weekly 50-MA and the rising bottom formation. 90 more words


RBA casualty - AUD/JPY carries bearish outside day candle

RBA’s neutral stance has rocked the Aussie freight train. AUD/JPY now shows a big bearish outside or engulfing candle.

Daily chart


Wednesday, 21 June 2017

“He will win who knows when to fight and when not to fight.” – Sun Tzu

I’ve been trading Forex for the last seven years and I know a thing or two about how the market works. 430 more words


AUDJPY: Approaching the 50-week moving average

Since the beginning of the year the currency pair lost almost 2.5% plus last week fell more than 0.5% and remains in a bearish phase since mid-May. 121 more words