AUD/JPY Up 6 Pips in Last Hour, in a Downtrend Over Past 14 Days; Nears 50 and 200 Day Moving Averages

Hourly Update

(Last Updated November 19, 2021 1:37 GMT)

At the moment, AUDJPY’s rate is up 580 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. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 entered today at 83.112, up 13 pips (0.16%) from yesterday. Relative to other instruments in the Forex asset class, AUDJPY ranked 18th yesterday in terms of percentage price change. Let’s take a look at price chart of AUDJPY.

AUDJPY

AUDJPY Technical Analysis

Notably, AUDJPY is now close to its 20, 50, 100 and 200 day averages, located at 84.3659, 82.7815, 81.9023 and 82.9362 respectively, and thus may be at a key juncture along those timeframes. 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 200 day average, which is 17.6 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. Or to simplify this another way, note that out of the past 14 days AUDJPY’s price has gone up 7 them.