AUD/JPY Up 1 Pips On Hourly Chart, 3 Day Up Streak Broken; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated December 27, 2021 1:35 GMT)

At the time of this writing, AUDJPY’s rate is up 80 pips (0.01%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as AUDJPY has now gone up 4 of the past 5 hours. 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)

After 3 up days, AUDJPY snaps its streak, falling 42 pips (-0.51%) over the past day to close at an exchange rate of 82.53. Out of the 39 instruments in the Forex asset class, AUDJPY ended up ranking 37th for the day in terms of price change. Here 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 200 day moving average 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 200 day average, which is 15 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 30 days AUDJPY’s price has gone down 16 them.