AUD/JPY 4H Chart: Moving towards swing high at 84.00 - Trade Pattern Ideas - Dukascopy Bank
Thu, 13 Dec 2018 07:41:50 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Buy
Buy
Sell
RSI (14)
Neutral
Neutral
Neutral
Stochastic (5; 3)
Neutral
Neutral
Neutral
Alligator (13; 8; 5)
Neutral
Neutral
Neutral
SAR (0.02; 0.2)
Buy
Sell
Buy
Aggregate
⇗
⇒
⇒
The Australian Dollar has been depreciating in an ascending channel against the Japanese Yen. The decline began when the currency pair reversed from the upper boundary of the channel pattern at 84.00 on December. This depreciation could be considered to be a short-term retracement.
The exchange rate broke a resistance cluster formed by the weekly and the monthly PPs and the combination of the three SMAs at 82.03 during the morning hours of Thursday's trading session.
The potential upside target for the currency exchange rate during the coming week will be at a swing high of 84.00.
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