(Last Updated January 12, 2021 2:14 GMT)
At the time of this writing, AUDJPY’s rate is up 640 pips (0.08%) from the hour prior. This is the 2nd hour in a row AUDJPY has seen its price head up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Of note is that the 20 hour changed directions on AUDJPY; it is now pointing up. 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)
AUDJPY, which opened today priced near 80.223, is down 51 pips 0.63% since the previous day, marking a reversal from the day prior — and the end of a 4 day positive run. Relative to other instruments in the Forex asset class, AUDJPY ranked 35th the previous day in terms of percentage price change. Let’s take a look at price chart of AUDJPY.
AUDJPY Technical Analysis
Notably, the current price of AUDJPY is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 14 days AUDJPY’s price has gone up 9 them.