AUDJPY Down 8 Pips Over Past Hour, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 30 Days

Hourly Update

(Last Updated October 6, 2021 10:12 GMT)

Currently, AUDJPY’s rate is down -820 pips (-0.1%) from the hour prior. The hourly chart shows that AUDJPY has seen 3 straight down 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)

AUDJPY is up 39 pips (0.48%) since yesterday (opening today near 81.259), marking the 4th day in a row an increase has occurred. Out of the 39 instruments in the Forex asset class, AUDJPY ended up ranking 6th for the day in terms of price change. Here is a price chart of AUDJPY.

AUDJPY

AUDJPY Technical Analysis

Notably, AUDJPY is now close to its 20, 50, 100 and 200 day averages, located at 80.4119, 80.4625, 81.9288 and 82.3036 respectively, and thus may be at a key juncture along those timeframes. 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. It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 day timeframe. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 16 out of the past 30 days.