Hot-Charts
AUDJPY Clarifies the Hint
by
Oct 5, 2009 17:10
| 77 Comments
The recurring failure of AUDJPY to regain 80 since mid August reflects mostly yen strength and speculators relative comfort to maintain the AUDJPY carry trade rather than AUDJPY. RBA is expected to hold rates unchanged at 3.00% tonight, but could well open the door further open for a November/December rate hike, in which case may boost Aussie across the board in Tuesday Asian tradeespecially in the event of a rebound in regional indices. Nonetheless, the chart below suggests selling AUDJPY on the rallies near 80 continues to be the modus operandi for AUD traders, especially as the lower highs in the stochastics signal a continued bearish divergence.
More Hot-Charts
-
Gold, Bitcoin, USD Combo
Jun 22, 2023 16:46 | by Ashraf LaidiI mentioned last week on here on how and why both gold and USD are falling together. Since then, the trend accelerated alongside another detail. -
تفسير مراحل الذهب
Mar 17, 2023 21:28 | by Ashraf Laidi. -
Dax 200 MA Extension
Jan 11, 2023 10:57 | by Ashraf LaidiIf the DAX40 maintains its habit of extending 13% above its 200 DMA, then current upside may extend to as high as 15300, just below the 76% retracement of the decline from the Jan 2022 high to...
So did I.
Unfortunately, the market does not ask our opinion on this matter.
Fortunately, it's now only about 200 pips too high! :-)
btw, ANY CHANCE OF A RALLY BACK IN U/Y NEXT WEEL; IT IS getting just obliterated here
Plus, gold decline would hurt gbp also, although possibly not as much. Netter fundamentals for aussie, although they will have completed 5 rate hikes before BOE even does one.
gold weakness may ponder aussie
i see 1.82 for gbpaud
Thank you.
Ashraf