- Market News
Recent Market News Headlines
Market Focus: Gold Soars Amid Anticipated Chinese Fiscal Stimulus
Get the latest updates on Europe’s economic outlook, key market indicators, and potential currency movements following major events on October 11, 2024.
Asia-Pacific Markets Rally as Wall Street Hits New Highs
Asia-Pacific markets rallied following Wall Street gains, with the S&P 500 and Dow hitting records amid positive economic signals and easing geopolitical concerns.
Asia Focus: Chinese Markets Dive as U.S. Stocks Recover
Asia-Pacific markets showed mixed results as Chinese stocks fell sharply, while U.S. markets rebounded amid declining oil prices and key central bank decisions.
Chinese Market Surge Eases, Weighing Down Asian Indices
Asian markets falter as the Chinese rally fades, and indices report mixed results amid rising oil prices and Treasury yields.
- Technical Analysis
Recent Technical Analysis Headlines
EUR/CAD: Bull Finds a Fence
EUR/CAD- Technical Analysis- H4 Chart The chart shows that the price made a long bullish move on the H4 chart. The simple moving...
GBP/JPY: Bear Starts Its Move
GBP/JPY – Technical Analysis- H4 Chart The chart shows that the price made a long bullish move before making a bearish breakout at...
EUR/NZD: Bull Waits for a Ground
EUR/NZD -Technical Analysis- H4 Chart The chart shows that the price made a bullish breakout at the simple moving average 30’s resistance and...
NZD/USD: Bear Dominates with Strong Momentum
NZD/USD -Technical Analysis- H4 Chart The chart shows that it produced a double top at the simple moving average 30’s resistance and breached...
- TV
Recent TV Headlines
Video: Here’s the Trade Plan for EUR Pairs, as ECB Interest Rate is Announced Tomorrow
Here's the Trade Plan for EUR Pairs, as ECB Interest Rate is Announced Tomorrow
Video: Watch These Setups on CAD and JPY Pairs, with Big News Incoming
Watch These Setups on CAD and JPY Pairs, with Big News Incoming
Video: How to Skyrocket Your Profits from *One* Trade Setup (Plus: This Week’s Trade Results)
How To Squeeze More Profits from ONE Trade Setup (Plus: This Week's Analysis Results)
Video: Watch for These Breakouts on Minor Pairs & Dollar Direction Imminent
Watch for These Moves on Minor Pairs & Dollar Direction Imminent
- Market News
Recent Market News Headlines
Market Focus: Gold Soars Amid Anticipated Chinese Fiscal Stimulus
Get the latest updates on Europe’s economic outlook, key market indicators, and potential currency movements following major events on October 11, 2024.
Asia-Pacific Markets Rally as Wall Street Hits New Highs
Asia-Pacific markets rallied following Wall Street gains, with the S&P 500 and Dow hitting records amid positive economic signals and easing geopolitical concerns.
Asia Focus: Chinese Markets Dive as U.S. Stocks Recover
Asia-Pacific markets showed mixed results as Chinese stocks fell sharply, while U.S. markets rebounded amid declining oil prices and key central bank decisions.
Chinese Market Surge Eases, Weighing Down Asian Indices
Asian markets falter as the Chinese rally fades, and indices report mixed results amid rising oil prices and Treasury yields.
- Technical Analysis
Recent Technical Analysis Headlines
EUR/CAD: Bull Finds a Fence
EUR/CAD- Technical Analysis- H4 Chart The chart shows that the price made a long bullish move on the H4 chart. The simple moving...
GBP/JPY: Bear Starts Its Move
GBP/JPY – Technical Analysis- H4 Chart The chart shows that the price made a long bullish move before making a bearish breakout at...
EUR/NZD: Bull Waits for a Ground
EUR/NZD -Technical Analysis- H4 Chart The chart shows that the price made a bullish breakout at the simple moving average 30’s resistance and...
NZD/USD: Bear Dominates with Strong Momentum
NZD/USD -Technical Analysis- H4 Chart The chart shows that it produced a double top at the simple moving average 30’s resistance and breached...
- TV
Recent TV Headlines
Video: Here’s the Trade Plan for EUR Pairs, as ECB Interest Rate is Announced Tomorrow
Here's the Trade Plan for EUR Pairs, as ECB Interest Rate is Announced Tomorrow
Video: Watch These Setups on CAD and JPY Pairs, with Big News Incoming
Watch These Setups on CAD and JPY Pairs, with Big News Incoming
Video: How to Skyrocket Your Profits from *One* Trade Setup (Plus: This Week’s Trade Results)
How To Squeeze More Profits from ONE Trade Setup (Plus: This Week's Analysis Results)
Video: Watch for These Breakouts on Minor Pairs & Dollar Direction Imminent
Watch for These Moves on Minor Pairs & Dollar Direction Imminent
Our Newsletter
Subscribe to ForexPropNews Trading Newsletters
Receive the best-curated content by our editors for the week ahead.
Mini Charts
- AUD/JPY seems to have found a support on the H4 chart.
- The pair trades below the Simple Moving Average 30.
- The H1 Chart looks bullish.
- Intraday price action has been bullish as well.
AUD/JPY- Technical Analysis-H4 Chart
The pair seems to have found its double bottom support around 93.600. As of writing, the pair is bullish, The current candle may end up being a bullish reversal one. If that happens, the buyers on the minor charts may keep their eyes on the pair to go long and push the price towards the North. The Simple Moving Average 30 has been working as resistance. However, at the last rejection, it did not produce enough momentum and found its support at 93.600 for the second time. If the price breaches the SMA30, the pair may get bullish and find its next resistance around 94.675.
On the downside, a bearish breakout at 93.600 may drive the price towards the South. The price may find its next support around 92.800.
Price Action Analysis-H1 Chart
The chart shows that the price had its second bounce around 93.600. At the second bounce, it produced a bullish inside bar. The price has been bullish on the current candle. As of writing, the pair trades around a trend line’s resistance. A breakout above the trend line may push the price towards the North. The price may find its next resistance around 94.275.
On the downside, if the chart produces a bearish reversal pattern at the trend line’s resistance, the price may head towards the South again. 93.600 being a strong resistance recently, the sellers may consider taking their profit around that level. A breakout below that level may generate stronger bearish momentum and drive the price towards the South further.
The H4 and the H1 chart look neutral. They both have a strong resistance. However, recent price action suggests that on both charts the price may make a bullish breakout and take its route towards the upside.
Written by: Md Tareq Sikder, Senior Analyst Forex Prop News
Contact and follow Tareq on Twitter: @tareqfpn
Our Newsletter
Subscribe to ForexPropNews Trading Newsletters
Receive the best-curated content by our editors for the week ahead.
Mini Charts
Related Articles
Market Focus: Gold Soars Amid Anticipated Chinese Fiscal Stimulus
Get the latest updates on Europe’s economic outlook, key market indicators, and...
Asia-Pacific Markets Rally as Wall Street Hits New Highs
Asia-Pacific markets rallied following Wall Street gains, with the S&P 500 and...
Asia Focus: Chinese Markets Dive as U.S. Stocks Recover
Asia-Pacific markets showed mixed results as Chinese stocks fell sharply, while U.S....
Chinese Market Surge Eases, Weighing Down Asian Indices
Asian markets falter as the Chinese rally fades, and indices report mixed...
Leave a comment