(Last Updated March 26, 2021 1:14 GMT)
Currently, AUDJPY’s rate is up 880 pips (0.11%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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 down 3 pips (0.04%) since the previous day (opening today near 82.539), marking the 5th straight day a decline has happened. Relative to other instruments in the Forex asset class, AUDJPY ranked 17th the previous day in terms of percentage price change. Here is a price chart of AUDJPY.
AUDJPY Technical Analysis
Notably, AUDJPY is now close to its 20 and 50 day averages, located at 83.7207 and 82.0936 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 8 out of the past 14 days.