(Last Updated June 8, 2022 1:36 GMT)
Currently, AUDJPY’s rate is down -250 pips (-0.03%) from the hour prior. The hourly chart shows that AUDJPY has seen 2 straight down 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 is up 93 pips (0.98%) since the day prior (opening today near 95.929), marking the 2nd day in a row an upward move has occurred. Compared to its peers in the Forex, AUDJPY gave its buyers a return that ranked 4th in terms of percentage change since the day prior. Here is a price chart of AUDJPY.
AUDJPY Technical Analysis
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 50 day average, which is 375.5 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 10 days.
The View From Around the Web
Of note is that traders in aggregate have opinions on AUDJPY, with 2 buy signals on our radar and 5 sell signals. This imputes a buy/sell ratio of 0.4, which is bearish. Here’s a piece we found on dailyfx.com; below is a short snippet from it to give you a taste.
Yen weakness has come back in a very big way and USD/JPY, EUR/JPY and AUD/JPY have all set fresh multi-year highs overnight.