(Last Updated September 13, 2022 1:36 GMT)
Currently, AUDJPY’s rate is down 0 pips (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on AUDJPY. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
AUDJPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
AUDJPY is up 82 pips (0.84%) since yesterday (opening today near 98.37), marking the 2nd straight day it has gone up. Relative to other instruments in the Forex asset class, AUDJPY ranked 4th yesterday in terms of percentage price change. Let’s take a look at price chart of AUDJPY.
AUDJPY Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days AUDJPY’s price has gone up 20 them.