AUD/JPY 1H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Sell Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

AUD/JPY is trading in a short-term symmetrical triangle which was formed when the rate entered a consolidation period near the lower boundary of a senior channel.  

Even though the Aussie should head towards the upper channel boundary in accordance with the senior pattern, the aforementioned consolidation period may demonstrate that bulls are no longer able to outperform bears consequently form a distinct wave north in the long term. 

In the short term, however, the Aussie is still likely to push up to the upper triangle boundary in the 86.80/87.00 area, breaching a combined resistance of the 100– and 200-hour SMAs and the weekly PP circa 86.60 along the way.

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.