AUD/JPY Up 4 Pips in Last Hour, Came Into Today Up For the 2nd Consecutive Day; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated May 4, 2022 1:35 GMT)

At the time of this writing, AUDJPY’s rate is up 430 pips (0.05%) 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. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 66 pips (0.72%) since yesterday (opening today near 92.395), marking the 2nd consecutive day an upward move has occurred. Relative to other instruments in the Forex asset class, AUDJPY ranked 5th yesterday in terms of percentage price change. The price chart of AUDJPY below illustrates.

AUDJPY

AUDJPY Technical Analysis

Coming into today AUDJPY is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days AUDJPY’s price has gone down 6 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for AUDJPY; just 0 sell signals and 1 buy signals. This imputes a buy/sell ratio that’s infinite! But, let’s take that with a grain of salt. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Hello traders, according to my graphical analysis of AUDJPY , i prospect an upward trend .thank you for watching the analysis, it will be great when you support it with a like, follow me for more market analysis .