(Last Updated September 6, 2021 23:12 GMT)
At the time of this writing, AUDJPY’s rate is up 170 pips (0.02%) from the hour prior. The hourly chart shows that AUDJPY has seen 3 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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 up 40 pips (0.49%) since the previous day (opening today near 81.752), marking the 4th day in a row it has gone up. Out of the 39 instruments in the Forex asset class, AUDJPY ended up ranking 6th for the day in terms of price change. The price chart of AUDJPY below illustrates.
AUDJPY Technical Analysis
The first thing we should note is that AUDJPY is now close to its 20, 50, 100 and 200 day averages, located at 80.2476, 81.1856, 82.8001 and 82.0083 respectively, and thus may be at a key juncture along those timeframes. 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 200 day average, which is 25.6 pips away. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. Or to simplify this another way, note that out of the past 14 days AUDJPY’s price has gone up 8 them.