(Last Updated November 11, 2020 0:14 GMT)
At the moment, AUDJPY’s rate is down 30 pips (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 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)
The choppiness in the recent daily price action of AUDJPY continues; to start today, it came in at a price of 76.664, up 165 pips (2.2%) since the previous day. Compared to its peers in the Forex, AUDJPY gave its buyers a return that ranked 5th in terms of percentage change since the previous day. Let’s take a look at price chart of AUDJPY.
AUDJPY Technical Analysis
First things first: AUDJPY crossed above its 50 and 100 day moving averages 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 112.3 pips away. It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign. Or to simplify this another way, note that out of the past 14 days AUDJPY’s price has gone up 10 them.