(Last Updated November 20, 2020 2:14 GMT)
At the moment, AUDJPY’s rate is up 820 pips (0.11%) from the hour prior. This is the 2nd straight hour AUDJPY has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
AUDJPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
AUDJPY is down 26 pips (0.35%) since the day prior (opening today near 75.562), marking the 3rd day in a row a decline has happened. Relative to other instruments in the Forex asset class, AUDJPY ranked 36th the day prior in terms of percentage price change. The price chart of AUDJPY below illustrates.
AUDJPY Technical Analysis
Notably, AUDJPY crossed below its 100 day moving average yesterday. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 100 day average, which is 11 pips away. Or to simplify this another way, note that out of the past 14 days AUDJPY’s price has gone up 8 them.