benny_marshall

AUDJPY - FUNDAMENTAL + TECHNICAL BIAS

FX:AUDJPY   Australian Dollar / Japanese Yen
- AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEGATIVE SENTIMENT. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an understanding of COMMODITIES is a must.

- The AUD FEATURE went down a bit last week because the markets continued to RISK OFF. The AUD FEATURE is at 0.7025 LEVEL. JXY is currently down a bit. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. AUDJPY is priced higher than DYNAMIC LEVELS.

- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly DOWN SIDE Tone. VIX INDEXES UP UP. But they can be UP. Also COMMODITIES now shows a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Monday.

- You can go back to 96.90 LEVEL before the AUDJPY PRICE is down. Then it can be sold at 89.70 LEVEL. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is DOWN. So wait until the VOLATILITY GREEN to buy the AUDJPY SELL BUY after the MORKET has a CORRECTION of around 92.365 LEVEL.

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