AUDJPY Down 6 Pips On Hourly Chart; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated January 15, 2021 3:15 GMT)

At the time of this writing, AUDJPY’s rate is down -600 pips (-0.07%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as AUDJPY has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 100, 20 and 50 hour changed directions on AUDJPY; they are now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

AUDJPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUDJPY entered today at 80.742, up 44 pips (0.55%) from the previous day. Out of the 40 instruments in the Forex asset class, AUDJPY ended up ranking 5th for the day in terms of price change. The price chart of AUDJPY below illustrates.

AUDJPY

AUDJPY Technical Analysis

Coming into today AUDJPY is now close to its 20 day averages, located at 79.366 respectively, and thus may be at a key juncture along those timeframes. 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. For additional context, note that price has gone up 7 out of the past 10 days.