Today's analysis

The secondary trend of AUDJPY is sideways on charts. In its hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias to show downside movement in the market.

Its 30 and 200 DMA are also supporting the upcoming bearish trend in the pair.

Support level 85.60.

If it breaks its support level and sustains below it then we can expect it to show further bearish movement in the pair.


STRATEGY: AUDJPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

I thought the price would be more dynamic, but now it moves very inertly. I expected more.


[B]Today Analysis
[/B]
Prev. Close 86.38
Bid 86.46
Day’s Range 86.03 - 86.65
Open 86.38
Ask 86.49
52 wk Range 72.45 - 87.57
1-Year Change 2.25%

[B]Technical Summary
[/B]
Type 5 mins 15 mins Hourly Daily Monthly
Moving Averages Sell Neutral Buy Buy Buy
Technical Indicators BUY Strong Sell Strong Buy Strong Buy BUY
Summary Neutral Sell Strong Buy Strong Buy Buy