AUD/JPY 4H Chart: Targets at 80.87 - Trade Pattern Ideas - Dukascopy Bank
Mon, 17 Sep 2018 06:19:52 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Buy
Sell
Sell
RSI (14)
Neutral
Neutral
Neutral
Stochastic (5; 3)
Neutral
Neutral
Buy
Alligator (13; 8; 5)
Buy
Neutral
Sell
SAR (0.02; 0.2)
Sell
Buy
Sell
Aggregate
⇒
⇒
⇘
The AUD/JPY exchange rate has been trading in a descending channel since mid-July. The medium-term descending channel pattern guided the currency pair toward November 16, 2016 low level at 78.77 a few days ago.
However, after reaching its lowest level since 2016, the pair made a U-turn north. As a result, the rate has breached both the 50– and 100-hour simple moving averages.
Everything being equal, it is likely that the Australian Dollar continues to gain strength against the Japanese Yen during the following trading sessions. The next targets for the pair could be the 200-hour SMA at 80.87.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
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.