AUD/JPY 4H Chart: Stranded between SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuySellSell
Aggregate⇗⇓⇘

[ANNOUNCE]The Australian Dollar has been trading in a long-term descending channel pattern against the Japanese Yen. However, the currency pair has revealed a new medium-term ascending trendline since the beginning of 2019.[/ANNOUNCE]

The exchange rate was stranded between SMAs during the morning hours on Thursday. Technical indicators flash strong sell signals on the daily time-frame chart. Therefore, a decline towards the lower band of an uptrend line at 78.00 could be expected.

On the other hand, bullish traders might pressure the pair within this trading session.

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