AUD/JPY Down 18 Pips On 4 Hour Chart, in an Uptrend Over Past 90 Days; Doji and Pin Bar Patterns Appearing on Chart
Relative to other instruments in the forex asset class, aud/jpy ranked 13th the day prior in terms of percentage price change.
AUDJPY
(Last Updated July 7, 2020)
Welcome to the news page for AUDJPY (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 and 14 day timeframes. 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 suggest the trend on a number of time horizons is bullish.
Below is a chart showing AUDJPY’s price with its moving averages.
As for assets in the Forex asset class AUDJPY has been correlated to over the past week, it has demonstrated the strongest correlation with AUDCHF. If we zoom out to a two week basis, though, the asset showing the strongest correlation to AUDJPY is NZDJPY. On the flip side, GBPCAD has been the asset least correlated with AUDJPY — just the same as it has been over the past two weeks. See the chart below to observe the recent price action in AUDJPY versus those of assets it hasn’t been well correlated with.
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AUD/JPY Up 2 Pips On 4 Hour Chart, Entered Today Up For the 3rd Day In A Row; is Inching Close to 20 Day Average
Volatility for aud/jpy has been contracting over the past two weeks relative to volatility over the past month.
AUD/JPY Down 3 Pips Over Past 4 Hours, 4 Day Down Streak Ended; in a Downtrend Over Past 14 Days
The closest is the 200 day average, which is 103.1 pips away.
AUD/JPY Up 9 Pips On 4 Hour Chart, 3 Day Down Streak Broken; in a Downtrend Over Past 14 Days
It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 and 90 day timeframes.
AUD/JPY Up 12 Pips Over Past 4 Hours, Came Into Today Down For the 3rd Day In A Row; in an Uptrend Over Past 30 Days
This imputes a buy/sell ratio of 1, which is neutral.
AUD/JPY Up 50 Pips in Last 4 Hours, in an Uptrend Over Past 30 Days; Eyes 20 Day Average
As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern.
AUD/JPY Down 68 Pips Over Past 4 Hours, Came Into Today Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart
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.
AUD/JPY Down 6 Pips Over Past 4 Hours, Entered Today Up For the 2nd Day In A Row; Sentiment Suggests Sellers in Charge
This imputes a buy/sell ratio of 0.21, which is bearish.
AUD/JPY Up 27 Pips Over Past 4 Hours, Entered Today Down For the 5th Day In A Row; Sentiment Suggests Sellers in Charge
If we see a bullish pinbar at closing, then it is buy for me.
AUD/JPY Down 38 Pips in Last 4 Hours, Moves Down For the 4th Day In A Row; in an Uptrend Over Past 30 Days
Relative to other instruments in the forex asset class, aud/jpy ranked 39th the day prior in terms of percentage price change.