Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Sell | Sell |
RSI (14) | Neutral | Neutral | Buy |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Buy | Sell | Sell |
SAR (0.02; 0.2) | Buy | Sell | Sell |
Aggregate | ⇒ | ⇘ | ⇘ |
The price movement for the AUD/JPY pair has been guided by a descending channel for the past three-month. This pattern has led the Australian Dollar to a one-year low.
During the past few days, bears dominance over the exchange rate has been significant. The AUD/JPY currency pair has formed a king's crown pattern which indicates the rate could be set for further decline. However, the 55– hour simple moving average was providing support for the pair near 81.55 at the time of this analysis.
As for near future, the currency exchange rate is likely to continue falling as technical indicators favour more decline for the pair.