AUDJPY Up 9 Pips On Hourly Chart, 2 Day Down Streak Snapped; in an Uptrend Over Past 30 Days

Hourly Update

(Last Updated November 12, 2021 5:12 GMT)

At the moment, AUDJPY’s rate is up 930 pips (0.11%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists 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 84.092, up 19 pips (0.23%) from the previous day. Compared to its peers in the Forex, AUDJPY gave its buyers a return that ranked 12th in terms of percentage change since the previous day. Here is a price chart of AUDJPY.

AUDJPY

AUDJPY Technical Analysis

Notably, the current price of AUDJPY is sitting close to its 20, 50 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 20 day average, which is 79.2 pips away. Volatility for AUDJPY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days AUDJPY’s price has gone up 20 them.