(Last Updated May 12, 2022 1:35 GMT)
Currently, AUDJPY’s rate is down -3200 pips (-0.35%) from the hour prior. This is the 2nd hour in a row AUDJPY has seen its price head down. Regarding the trend, note that the strongest trend 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 down 35 pips (0.38%) since yesterday (opening today near 90.068), marking the 5th consecutive day a decline has happened. Out of the 39 instruments in the Forex asset class, AUDJPY ended up ranking 28th for the day in terms of price change. The price chart of AUDJPY below illustrates.
AUDJPY Technical Analysis
Coming into today the current price of AUDJPY is sitting close to its 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 17 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.