(Last Updated August 5, 2022 1:36 GMT)
At the moment, AUDJPY’s rate is down -3140 pips (-0.34%) from the hour prior. AUDJPY has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists 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)
The back and forth price flow continues for AUDJPY, which started today off at 92.64, down 38 pips 0.41% from the previous day. Compared to its peers in the Forex, AUDJPY gave its buyers a return that ranked 29th in terms of percentage change since the previous day. The price chart of AUDJPY below illustrates.
AUDJPY Technical Analysis
First things first: AUDJPY crossed below its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days AUDJPY’s price has gone down 16 them.