AUD/JPY Down 6 Pips On Hourly Chart; Breaks Above 50 and 200 Day Averages

Hourly Update

(Last Updated December 28, 2021 1:39 GMT)

At the time of this writing, AUDJPY’s rate is down -640 pips (-0.08%) from the hour prior. The hourly chart shows that AUDJPY has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on AUDJPY. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 entered today at 83.112, up 58 pips (0.71%) from yesterday. Out of the 39 instruments in the Forex asset class, AUDJPY ended up ranking 5th for the day in terms of price change. Below is a price chart of AUDJPY.

AUDJPY

AUDJPY Technical Analysis

Notably, AUDJPY crossed above its 50 and 200 day moving averages yesterday. 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 22.3 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days AUDJPY’s price has gone up 5 them.