(Last Updated September 14, 2022 1:34 GMT)
At the time of this writing, AUDJPY’s rate is down -1100 pips (-0.11%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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)
The choppiness in the recent daily price action of AUDJPY continues; to start today, it came in at a price of 97.29, down 108 pips (1.1%) since the day prior. Relative to other instruments in the Forex asset class, AUDJPY ranked 32nd the day prior in terms of percentage price change. Let’s take a look at price chart of AUDJPY.
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. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 20 out of the past 30 days.