AUDJPY

(Last Updated September 22, 2020)

Hello! This is the news page for AUDJPY. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

As for trends on AUDJPY, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.

AUDJPY Moving Averages

AUDJPY’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, implying a upward trend, save for a fall that occurred about 3 weeks ago. Moreover, today we saw the 20 moving average turn bearish.

The chart below illustrates.

As for assets in the Forex asset class AUDJPY has been correlated to over the past week, it has demonstrated the strongest correlation with CADJPY. CADJPY is the asset with which AUDJPY has been most correlated with over the past two weeks as well, so this may be a recurring pattern. Alternatively, the asset least correlated with AUDJPY over the past week has been USDZAR, but if we observe the prior two weeks, EURNZD has been the asset least correlated with AUDJPY. The chart below illustrates AUDJPY against its least correlated assets.

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The View From the Weekly Timeframe

At the moment, AUDJPY’s rate is down -0.625 (-0.82%) from the week prior. It’s been a feast for bears operating on the weekly timeframe, as AUDJPY has now gone down 4 of the past 5 weeks. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. AUDJPY’s weekly price action over the past 52 weeks can be seen via the chart below.