Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Sell |
RSI (14) | Buy | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Buy | Neutral |
Alligator (13; 8; 5) | Sell | Buy | Sell |
SAR (0.02; 0.2) | Sell | Sell | Buy |
Aggregate | ⇘ | ⇗ | ⇒ |
The bullish sentiment that began early September has guided the AUD/JPY currency pair higher towards the upper boundary of a descending trend line at 82.50.
The exchange rate reversed from the upper border of the downtrend line a few days ago and currently trading near the bottom boundary of a one-month ascending channel at 80.54.
Given that the three SMAs are located above the price level, it is expected that the currency exchange rate breaks the one-month ascending channel pattern within this session.
Moreover, technical indicators suggest that the bearish momentum might aim at the monthly S1 at 79.76 during the following trading sessions.