AUD/JPY Down 31 Pips; in an Uptrend Over Past 30 Days

AUD/JPY Price Recap

AUD/JPY enters today at 75.912 in US dollars, down 31 pips (0.4%) from the day prior. This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 17.28% from the day before — and down 19.99% from the same day the week before. Relative to other instruments in the Forex asset class, AUD/JPY ranked 25th yesterday in terms of percentage price change. Here is a price chart of AUD/JPY.

AUD/JPY Technical Analysis

The first thing we should note is that the current price of AUD/JPY is sitting close to its 20, 50 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 20 day average, which is 65.8 pips away. Related to the moving average crossover is that AUD/JPY may have broken its trend on the 14 day basis, as the trend’s momentum appears to be slowing down. Volatility for AUD/JPY has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 9 out of the past 14 days.