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AUDJPY Technical Chart Explained | 25-Oct-2017

AUDJPY technical chart

Below is the technical chart of AUDJPY explained with different technical indicators.

AUDJPY Technical Chart

I’ve used Doda Donchian, Doda-Bollinger Bands, Ichimoku and ADX Candles in this chart. Time frame used is H4.

AUDJPY Technical Chart

Doda Donchian gave sell signal @88.527 but it moved sideways after that as the currency pair was trading above Doda Bollinger bands. Once it closes below Doda Bollinger bands, it became further weak but then it was trading inside kumo of Ichimoku indicator. Kumo is always NO trade zone.

But now, things have changed. AUDGPY managed to cross kumo also. Future kumo is also bearish.

MACD, Aroon and Doda Stochastic indicators also confirmed that.

So, one can take short sell call here. Currently, it is trading @87.866 with a stop loss of 88.10

Major Support Levels are:

88.420

88.348

88.231

Major Resistance Levels are:

88.654

88.726

88.843

AUDJPY Technical Chart Explained | 25-Oct-2017
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Categories: Forex
Tags: AUDJPY Technical Chart
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