AUDJPY Down 18 Pips On Hourly Chart, Entered Today Up For the 2nd Straight Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated January 7, 2021 2:14 GMT)

At the time of this writing, AUDJPY’s rate is down -1760 pips (-0.22%) from the hour prior. AUDJPY has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

AUDJPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUDJPY is up 67 pips (0.84%) since yesterday (opening today near 80.348), marking the 2nd straight day an upward move has occurred. Compared to its peers in the Forex, AUDJPY gave its buyers a return that ranked 3rd in terms of percentage change since yesterday. Let’s take a look at price chart of AUDJPY.

AUDJPY

AUDJPY Technical Analysis

Notably, AUDJPY is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 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 7 them.