AUD/JPY Down 6 Pips Over Past Hour, Moves Down For the 4th Day In A Row; Crosses 50 Day Moving Average

Hourly Update

(Last Updated May 11, 2022 1:38 GMT)

At the time of this writing, AUDJPY’s rate is down -650 pips (-0.07%) 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. As for the trend on the hourly timeframe, we see the clearest trend 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)

AUDJPY is down 37 pips (0.41%) since yesterday (opening today near 90.414), marking the 4th day in a row it has gone down. Relative to other instruments in the Forex asset class, AUDJPY ranked 35th yesterday in terms of percentage price change. Below is a price chart of AUDJPY.

AUDJPY

AUDJPY Technical Analysis

Moving average crossovers are always interesting, so let’s start there: AUDJPY crossed below its 50 day moving average yesterday. The clearest trend exists on the 90 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. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.