AUDJPY Pivot Points Analysis - strong bearish market condition

AUDJPY Pivot Points Analysis - strong bearish market condition

30 September 2015, 06:11
Sergey Golubev
0
951

W1 price is on strong bearish market condition: the price is breaking S2 Pivot level at 81.56 on the way to S3 Pivot at 74.90 as the nearest bearish target:

  • The price is on strong bearish condition for trying to break S2 Pivot level at 81.56 on close weekly bar for the bearish trend to be continuing;
  • if weekly price will break S2 Pivot level at 81.56 on close weekly bar so the primary bearish market condition will be continuing;
  • if weekly price will break S3 Pivot at 74.90 so we may see the breakdown of the price movement within the primary bearish condition.

InstrumentR1 Pivot
Yearly PP
S1 Pivot
S2 Pivot
S3 Pivot
AUD/JPY 104.12 96.17
89.51 81.56
74.90

Trend:

  • W1 - bearish
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