(Last Updated April 28, 2022 1:36 GMT)
At the moment, AUDJPY’s rate is down -970 pips (-0.11%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as AUDJPY has now gone up 4 of the past 5 hours. 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 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, which opened today priced near 91.481, is up 61 pips 0.68% since the day prior, marking a reversal from the day prior — and the end of a 5 day negative run. Compared to its peers in the Forex, AUDJPY gave its buyers a return that ranked 6th in terms of percentage change since the day prior. The price chart of AUDJPY below illustrates.
AUDJPY Technical Analysis
Notably, the current price of AUDJPY is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 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 16 them.