AUD/JPY: Forming a bullish engulfing candlestick pattern [Video]

Kiana Danial, CFP Invest Diva

The AUD/JPY pair tested above the daily Ichimoku cloud on Monday for the second time this month, after forming a bullish engulfing candlestick pattern, probably because market participants sold off the USD against the AUD on worse than expected Durable Goods Orders, which ultimately helped AUD across the board. Moving on, BEO’s Carney is set to speaks today at Financial Stability Report Press Conference at 10 AM GMT, and traders are eager to see if he maintains his hawkish tone on the UK’s economy. Later, the US releases their Consumer Confidence (JUN) at 2 PM. Analysts expect the number to have dropped to 116, from last month’s 117.9. Finally, at 5 PM Fed's Yellen Speaks on Global Economic Issues in London. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.

Author

Kiana Danial, CFP

Invest Diva

Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert.

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