AUDJPY Down 11 Pips in Last Hour, Underperforms All Forex; is Inching Close to 200 Day Average – CFD Trading

Hourly Update

(Last Updated July 16, 2021 23:12 GMT)

At the time of this writing, AUDJPY’s rate is down -770 pips (-0.09%) from the hour prior. The hourly chart shows that AUDJPY has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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 is down 83 pips (1%) since yesterday (opening today near 81.455), marking the 3rd consecutive day it has gone down. On a relative basis, AUDJPY was the worst performer out of all 39 of the assets in the Forex asset class. Below is a price chart of AUDJPY.


AUDJPY Technical Analysis

Coming into today the current price of AUDJPY is sitting close to its 20 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 200 day average, which is 38.6 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. Or to simplify this another way, note that out of the past 14 days AUDJPY’s price has gone down 9 them.

Leave a Reply

Your email address will not be published. Required fields are marked *