(Last Updated March 26, 2021 23:14 GMT)
At the moment, AUDJPY’s rate is up 880 pips (0.11%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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)
A moment of silence, please, for the end of AUDJPY’s 5 day down streak; price ended the previous day up 38 pips (0.46%) to finish the day at a rate of 82.919. Relative to other instruments in the Forex asset class, AUDJPY ranked 7th the previous day in terms of percentage price change. Let’s take a look at price chart of AUDJPY.
AUDJPY Technical Analysis
The first thing we should note is that AUDJPY is now close to its 20 and 50 day averages, located at 83.6821 and 82.1372 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days AUDJPY’s price has gone up 7 them.