AUDJPY Down 2 Pips On Hourly Chart, 5 Day Down Streak Broken; Breaks Above 50 Day Average

Hourly Update

(Last Updated September 15, 2021 1:12 GMT)

Currently, AUDJPY’s rate is down -180 pips (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend 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)

After 5 down days, AUDJPY snaps its streak, rising 28 pips (0.34%) over the past day to close at an exchange rate of 81.044. Compared to its peers in the Forex, AUDJPY gave its buyers a return that ranked 10th in terms of percentage change since the day prior. Below is a price chart of AUDJPY.


AUDJPY Technical Analysis

Notably, AUDJPY crossed above its 50 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 50 day average, which is 13 pips away. It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 16 out of the past 30 days. And for candlestick traders, a special treat: there is a morning star pattern showing up on the charts as well. Rejoice!