(Last Updated November 17, 2020 2:14 GMT)
Currently, AUDJPY’s rate is up 550 pips (0.07%) 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 100 hour timeframe. 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 is up 50 pips (0.66%) since yesterday (opening today near 76.532), marking the 2nd straight day it has gone up. Compared to its peers in the Forex, AUDJPY gave its buyers a return that ranked 8th in terms of percentage change since yesterday. The price chart of AUDJPY below illustrates.
AUDJPY Technical Analysis
Coming into today AUDJPY is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. 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 100 day average, which is 90.2 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 10 out of the past 14 days.