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AUDJPY

Analysis

Analysis - 2 months agoNeutral

AUDJPY trades lower again, below the 200-day SMAThe bullish trend from the August 5 trough remains intactMomentum indicators are getting close to sending bearish signals AUDJPY is recording its second consecutive red candle today, dropping again below the 200-day simple moving average (SMA). However, it managed to register a higher high first, and hence the bullish trend, which is in place since the August 5 low and is characterized by a series of higher highs and higher lows, remains valid.
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Analysis - 2 months agoBullish

Technical Analysis – AUDJPY stalls near 50-SMA ahead of RBA rate decision

AUDJPY pauses recovery phase around 50-day SMA Risk skewed to the upside; major resistance near 100 RBA policy announcement due on Tuesday at 04:30 GMT   AUDJPY has been pushing for a close above its 50-day simple moving average (SMA) at 98.25 since Friday. The pair is encountering a sense of déjà vu from July when the same line led to a bearish continuation, but this time the bulls may have luck on their side.
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Analysis - 4 months ago

AUDJPY trades at the lowest level since mid-March Yen benefits from the BoJ rate hike and currency interventions Momentum indicators support the current bearish move AUDJPY is in freefall, trading at the lowest level since March 15, around 11% below the all-time high of 109.36. This correction is unprecedented and caused by multiple currency interventions from the Japanese authorities and the BoJ announcing its second rate hike in the current tightening cycle.
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Analysis - 6 months ago

Market Comment – Dollar trades sideways as focus turns to US yields

US stock indices under pressure as yields climb German CPI could dictate next week’s ECB rhetoric Yen underperformance lingers; all eyes on Friday’s Tokyo CPI Dollar rallied on Tuesday, US stock indices were mixed Following a couple of negative sessions, the US dollar showed its strength yesterday as it managed to outperform the euro.
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Analysis - 6 months ago

Market Comment – Dollar plummets as US data supports Fed rate cuts

US inflation resumes downtrend, retail sales stagnate Dollar falls as investors add to Fed rate cut bets Yen gains even as Japanese economy contracts Wall Street at fresh records, gold rallies on US data   Cool inflation, flat retail sales hurt the dollar The dollar tumbled against all its major peers yesterday after the US CPI data revealed that inflation in the world’s largest economy resumed its downtrend in April, allowing investors to ramp up their Fed rate cut bets.
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Analysis - 7 months agoBullish

Technical Analysis – AUDJPY pulls back but stays in uptrend

AUDJPY prints higher highs and higher lows above uptrend line MACD and RSI detect positive momentum A break above 100.80 will confirm a higher high For the outlook to change, a break below 95.80 may be needed AUDJPY pulled back lately, after it hit resistance at around 100.80 on April 9. However, the pair remains above all three of the plotted exponential moving averages (EMAs) and above an uptrend line drawn from the low of July 28, which means that the chances of the bulls r
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Analysis - 9 months agoNeutral

AUDJPY trades lower, tries to return inside the contracting triangle It is preparing to test the support set by the 50-day SMA Momentum indicators support the current bearish move AUDJPY is enjoying its fourth consecutive red candle, after failing to trade decisively above the September 13, 2022 high at 98.50, as the recent comments by BoJ members have provided some respite to the bruised yen.
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Analysis - 10 months agoNeutral

Technical Analysis – AUDJPY’s gentle climb continues

AUDJPY trades higher, clears the 100-day SMA A contracting triangle has been forming as AUDJPY volatility drops Momentum indicators remain uninterested in current upmove AUDJPY is enjoying its fourth consecutive green candle as JPY remains under pressure across the board. AUDJPY has managed to climb above the busy 96.16-96.70 area but has not tested the March 24, 2023 upward sloping trendline.
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Analysis - 10 months agoNeutral

AUDJPY trades higher, a tad below its recent high The March 24, 2023 trendline continues to define price action Momentum indicators mostly uninterested in recent moves AUDJPY is enjoying another green candle as JPY remains under pressure across the board. AUDJPY continues to trade above both the busy 96.20-96.88 area and the March 24, 2023 ascending trendline after failing multiple times to decisively trade below it.
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Analysis - 1 year agoBullish

Technical Analysis – AUDJPY in overbought waters; RBA rate decision looms

AUDJPY enjoys fastest weekly growth since June Risk skewed to the upside, but gains could be limited RBA policy announcement due on Tuesday at 03:30 GMT   AUDJPY has turned its eyes back to June’s peak of 97.65 after a constructive week of strong gains. The RSI and the stochastic oscillator are warning that the latest rapid upturn may not be durable, as the indicators are already testing their overbought levels.
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Analysis - 1 year agoNeutral

AUDJPY is enjoying another red candle, hovering inside the busy 92.78-93.63 range. The bears are staging the first significant pullback following the strong upward move that commenced in March 2023, breaking below the March 24, 2023 upward trend channel, while religiously observing the June 19, 2023 downward sloping trendline. The momentum indicators are not yet supportive of the bears’ intentions despite this current downleg.
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Analysis - 1 year ago

AUDJPY entered a sliding mode after it hit resistance at 97.65 on June 19. That said, the slide was stopped near the 95.15 key support zone, which offered strong resistance in the recent past and specifically during October. Combined with the fact that the price structure remains one of higher highs and higher lows above the uptrend line drawn from the low of March 24 and above all the plotted exponential moving averages (EMA), this keeps the near-term picture positive.
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Analysis - 1 year agoNeutral

Technical Analysis – AUDJPY reaches new 2023 high in exponential move since early June

AUDJPY has been recording an exponential move since early June, registering nine consecutive green candlesticks. This is an undeniable confirmation of the underlying strength of the current upleg that pushed this pair to the highest level since September 14, 2022. AUDJPY is now hovering just above the 96.47 level with the bears trying to find an appropriate area to set up their defence.
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Analysis - 1 year agoNeutral

Technical Analysis – AUDJPY rally reaches key resistance area

AUDJPY is continuing its journey higher, moving within the March 24, 2023 upward trend channel. It is currently testing the resistance set by the 23.6% Fibonacci retracement of the August 20, 2021 – September 13, 2022 downtrend at 93.63. This is the highest price recorded since December 1, 2022 and a full 9% higher from the March 2023 lows. The interesting fact about the recent rally is that it has been developing with the Average Directional Movement Index (ADX) signaling an almost range-tra
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Analysis - 1 year agoBearish

Technical Analysis – AUDJPY remains above key area as bearish pressure intensifies

AUDJPY is hovering around the 91 level, just a tad above a rather busy area that is key for market sentiment. This pair has actually been trading inside an aggressive upward sloping trend channel, but its upside is currently being capped by the 200-day simple moving average (SMA). Therefore, AUDJPY has failed to record a higher high, which means that the bearish pattern of lower highs and lower lows that started on September 13, 2022 remains in place.
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Analysis - 2 years agoBearish

AUDJPY has come under fresh selling pressure after a succession of three higher highs over the last couple of months. The last one took the pair’s retracement of the September 2022 – March 2023 downtrend to the 50% Fibonacci level, peaking at 92.42. However, despite falling back and then rebounding, AUDJPY is on the slide again, slipping below the converging 20- and 100-day simple moving averages (SMA) in the 90.15 region today.
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Analysis - 2 years agoBearish

AUDJPY is edging lower today as it tests the support set by the September 13, 2022 downward sloping trendline. This pair has been enjoying a medium-term bearish trend since the 98.50 high, but it has not been a one-way street. Actually, the bulls have managed to stage a decent rally since the March 24, 2023 low of 86.05, raising questions on the viability of the medium-term downleg.
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Analysis - 2 years ago

RBA could opt for a stronger aussie at Tuesday’s rate decision – Forex News Preview

It is the start of a new month and time for another RBA rate-setting meeting. While this is expected to be overshadowed by the week’s other key central meetings, the market remains extremely interested in the RBA’s assessment of the economic developments in the wider region. The week also includes some noteworthy data releases and the quarterly Statement of Monetary Policy.
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