AUD/JPY 4H Chart: Pressure by 50-hour SMA - Trade Pattern Ideas - Dukascopy Bank
Thu, 16 May 2019 05:18:44 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Neutral
Buy
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Buy
Alligator(13;8;5)
Sell
Sell
Sell
SAR(0.02;0.2)
Sell
Sell
Buy
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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