Go Short AUDJPY, Say Forex Automated Trading Signals

[DailyFx]

Within the last hour our Automated Forex Trading Signals told us to go short AUDJPY using the “Momentum1” strategy. It also set a trailing stop at 91.2804.

By taking a glance at the image below, one may notice the system giving conflicting views. The Momentum1 strategy suggests going short while the Momentum2 offers buying momentum. Which one is correct? Well, the trend appears to be downward, so perhaps the short order is the appropriate signal to take advantage of.






See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis. For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.