| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇓ | ⇘ |
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.
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.