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Next Week Forecast: the most interesting pair you can make money with - AUD/JPY
30 October 2015, 21:11
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
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AUD/JPY: ranging bearish. This pair is on bearish market condition for ranging within 88.60 resistance level and 82.11 support level. Ascending triangle pattern was formed by the price to be broken from below to above for the bear market rally. Chinkou Span line is indicating the ranging condition within the primary bearish.
If the price will break 88.60 resistance level from below to above so the bear market rally will be started up to 97.29 as the next 'reversal' target.
If not so the price will be ranging between the levels.
There are the following news events which will be affected on GBP/CAD price movement for the coming week:
- 2015-11-02 00:30 GMT | [AUD - Building Approvals]
- 2015-11-03 03:30 GMT | [AUD - Cash Rate]
- 2015-11-04 00:30 GMT | [AUD - Trade Balance]
- 2015-11-04 00:30 GMT | [AUD - Retail Sales]
- 2015-11-04 13:30 GMT | [USD - Trade Balance]
- 2015-11-04 22:25 GMT | [AUD - RBA Gov Stevens Speach]
- 2015-11-06 13:30 GMT | [USD - Non-Farm Payrolls]
Resistance | Support |
---|---|
88.60 | 82.11 |
97.29 | N/A |