AUD/JPY Down 17 Pips On Hourly Chart; Came Into Today Up For the 5th Day In A Row

Hourly Update

(Last Updated September 8, 2022 1:34 GMT)

At the time of this writing, AUDJPY’s rate is down -1700 pips (-0.17%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend 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 is up 113 pips (1.18%) since the day prior (opening today near 97.29), marking the 5th day in a row an upward move has occurred. Out of the 39 instruments in the Forex asset class, AUDJPY ended up ranking 5th for the day in terms of price change. Below is a price chart of AUDJPY.

AUDJPY

AUDJPY Technical Analysis

Coming into today AUDJPY is now close to its 20 day averages, located at 94.933 respectively, and thus may be at a key juncture along those timeframes. 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. Or to simplify this another way, note that out of the past 10 days AUDJPY’s price has gone up 8 them.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on AUDJPY, with 3 buy signals on our radar and 7 sell signals. This imputes a buy/sell ratio of 0.43, which is bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

It’s time to see a correction at least after a long impulse last candles show weakness and loss of moment #2 AUD/JPY 30pips