AUD/JPY Up 2 Pips in Last Hour, Moves Up For the 5th Straight Day; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated June 3, 2022 1:36 GMT)

Currently, AUDJPY’s rate is up 200 pips (0.02%) 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. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 100 pips (1.07%) since the day prior (opening today near 94.367), marking the 5th straight day an increase has occurred. Out of the 39 instruments in the Forex asset class, AUDJPY ended up ranking 4th for the day in terms of price change. Here is a price chart of AUDJPY.

AUDJPY

AUDJPY Technical Analysis

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 235.3 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 up over that time. For additional context, note that price has gone up 11 out of the past 14 days.