AUD/JPY breaks major resistance zone

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On March 2, the AUD/JPY currency exchange rate reached above the resistance zone of the November and January high levels at 84.15/84.30. On Thursday, March 3, the currency pair appeared to be confirming the previous resistance as support.

If the Australian Dollar continues to gain against the Japanese Yen during the upcoming trading sessions, the pair might test the resistance of the 2021 high level zone at 85.46/86.25. Afterwards, the charts should be analyzed for the understanding, in what pattern is the rate surging. It could be that the pair is surging in a channel up pattern, which is shown on the chart.

Contrary to a surge would be a decline. A potential decline would have to pass the support of the 84.15/84.30 zone. Below the support zone, it could be possible that the pair stops at the trend line, which connects the February low levels. In addition, take into account the 50 and 200-day simple moving averages near 82.50 and 82.00
Back to articles

Actual Topics

Thu, 03 Mar 2022 16:27:35 GMT

USA Tech stocks remain in descending pattern

The USA Tech stock index remains in the channel down pattern, which has guided it since the end of November. Since the last review on February 10, the index continued to decline until it encountered a support zone above the 13,000.00 mark. After zooming in on the hourly candle chart, the zone was marked to be exactly at 13,050.00/13,113.00. The

Wed, 02 Mar 2022 10:45:02 GMT

USA30 Index reveals descending pattern

After dipping below the 2021 June low level, the USA30 stock index recovered and has been fluctuating between the mentioned low level at 33,065.00 and the resistance zone of December low levels at 34,000.00. However, the most notable update since the start of February is the fact that the recent dip provided a reference point, which confirmed that the index

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.