AUD/JPY 4H Chart: Pressure by 50-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellBuy
Aggregate

The 50-hour simple moving average has guided the AUD/JPY currency pair lower since last week trading sessions. The Australian Dollar depreciated about 2.12% in value against the Japanese Yen during this past week.

The narrow descending channel pattern could continue to guide the exchange rate lower within this week's trading sessions.

However, it is likely that the currency exchange rate makes a retracement towards the 50-hour simple moving average at 76.69 during the following trading days.

Meanwhile, technical indicators flash sell signals on both the 4(H) and the daily time frames chart.

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