Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (74.55). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . AUDJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 40.
β€οΈ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the π LIKE button, . . . . . . . . . . . Drop some feedback below in the comment!
β€οΈ Your Support is very much π appreciated! β€οΈ
π Want us to help you become a better Forex trader?
Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, β€οΈ ForecastCity English Support Team β€οΈ
I followed two charts on monday 13th july and they did not work. Should I accept loss ?
ForecastCity
β
@faisalcreatives, Thanks for your comment. πππ The forecast is valid. There was a retracement to suggested resistance line (74.55) as it was expected. And traders can set orders based on Price Action and expect to reach targets.
irfanbcs
β
Good analysis as usual
Great idea from ur side always
ForecastCity
β
@irfanbcs, Thanks for your comment. πππ we hope you enjoy it.
fxniki
β
First of all thank you for your invaluable posts, forecasts and explanations. π₯°π₯°