FX:AUDJPY   Australian Dollar / Japanese Yen
On the weekly chart we are still in a major downtrend where we have seen the retracment up to the 61.8% level and a rejection, This level happens to be at the major trendline as well. On the 1D chart we are seeing the right shoulder form on a major head and shoulders pattern with massive divergence on the RSI confirming that the trend is weakening. On the 4HR Chart we can see the market getting funneled into a pattern and when this happens we need to see a breakout form it, also we have divergence in the RSI confirming weakness in the upward movement. Reason for my target is taken from the previous retracement, the market always repeats.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out