January 18, 2022 15:49 GMT
Over the past 91 days, AUDJPY’s price has been in a clear downtrend, falling by about $0.04 per day.
Over the past 134 days, the trend for AUDJPY’s price has been choppy and unclear. It has oscillated between $78.892 and $85.978.
Over the past 23 months, AUDJPY’s price has gone up $8.74.
AUDJPY has a price of $82.433, down 1.43% from its value 18 days prior.
+ Strongest correlations over previous 29 days within its asset class: NZDJPY, CHFJPY, and EURJPY
+ Weakest correlation over previous 29 days within its asset class: AUDCAD
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
For additional context, note that price has gone down 7 out of the past 10 days.
The closest is the 100 day average, which is 288.5 pips away.
Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up.
It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.
The closest is the 100 day average, which is 57 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.