(Last Updated October 15, 2021 1:12 GMT)
Currently, AUDJPY’s rate is up 310 pips (0.04%) from the hour prior. This is the 2nd consecutive hour AUDJPY has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 is up 20 pips (0.23%) since yesterday (opening today near 83.601), marking the 5th straight day an increase has occurred. Out of the 39 instruments in the Forex asset class, AUDJPY ended up ranking 15th for the day in terms of price change. Below is a price chart of AUDJPY.
AUDJPY Technical Analysis
Notably, AUDJPY is now close to its 100 and 200 day averages, located at 81.8168 and 82.3939 respectively, and thus may be at a key juncture along those timeframes. 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 200 day average, which is 120.7 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone up 10 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.