AUD/JPY 4H Chart: Stranded between SMAs - Trade Pattern Ideas - Dukascopy Bank
Mon, 21 Jan 2019 07:13:40 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
Neutral
Alligator (13; 8; 5)
Buy
Neutral
Sell
SAR (0.02; 0.2)
Buy
Buy
Sell
Aggregate
⇒
⇘
⇒
The Australian Dollar is trading in a narrow ascending channel pattern against the Japanese Yen.
Currently, the currency pair is stranded between SMAs. The 200-hour simple moving average is providing resistance for the rate at 79.25, while the 50– and 100-hour SMAs are providing support at 77.57.
Technical indicators suggest that the currency exchange rate could continue its movement in the narrow ascending channel within this session.
Although, the AUD/JPY exchange rate could reverse from the current price level and aim for the weekly S3 at 76.23.
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