Technical Analysis – AUDJPY bounces off 11-year low, but recovery fizzles

Posted on March 27, 2020 at 1:06 pm GMT

AUDJPY fell aggressively in recent weeks to touch an 11-year low of 59.85, where the pair found fresh buy orders and subsequently rebounded. That said, the price structure on the daily chart still points to a broader downtrend, something reinforced by the ‘death cross’ of the 50-day simple moving average (SMA) below the 200-day one. Moreover, the inability of the bulls to pierce above 67.70 suggests that upside momentum is fading. Short term oscillators paint a mixed picture. Whereas the [..]


Technical Analysis – AUDJPY resumes downtrend, hits new 11-year low

Posted on March 18, 2020 at 12:44 pm GMT

AUDJPY has come under renewed selling pressure in recent sessions, and at the moment it is testing the 63.50 region. The price structure on the daily chart consists of lower lows beneath both the 50- and 200-day simple moving averages (SMAs), which have posted a death cross lately, with the 50-day falling below the 200-day. Thus, the outlook is firmly negative. The RSI endorses that view, falling further in its oversold territory. Likewise, the MACD is declining in its negative [..]

Technical Analysis – AUDJPY may keep ranging above 11-year lows; trend signals negative

Posted on March 13, 2020 at 8:57 am GMT

AUDJPY entered a consolidation phase on the four-hour chart after the bounce on the eleven-year low of 66.33 on Monday, but the move did not change the bearish structure of lower highs and lower lows in the bigger picture. The fact that the price is below its downward-sloping simple moving averages (SMA) further reduces the case of a trend reversal. In momentum indicators, however, some improvement has been detected. The RSI looks to be gaining strength towards its 50-neutral mark, the [..]

Yen: Is the euro stealing its safe-haven status? – Special Report

Posted on February 26, 2020 at 4:35 pm GMT

The yen’s status as a safe-haven has come into question lately, amid concerns that the virus could hammer Japan’s exporters and tilt the already fragile economy into recession. The yen has also lost some of its defensive appeal because the euro is emerging as a funding currency, giving it haven-like characteristics as well. This is likely to suppress volatility in euro/yen, and going forward, any yen gains arising from virus concerns may be more visible against commodity currencies. Is the [..]

Daily Market Comment – Stocks rebound as new virus cases slow; dollar stands tall

Posted on February 19, 2020 at 9:23 am GMT

Equity markets bounce back from Tuesday’s slide amid slowdown in new coronavirus cases Stimulus hopes also help sentiment but gold still tops $1600 on heightened risks Unstoppable dollar scales fresh highs even as US yield curve inverts Stocks turn green again as investors focus on positives Risk appetite recovered somewhat on Wednesday following the knock from Apple’s profit warning yesterday, which elevated concerns about the impact from the coronavirus outbreak. The number of new confirmed cases of coronavirus in China [..]


Technical Analysis – AUDJPY reverses lower, picture turning negative

Posted on February 7, 2020 at 12:44 pm GMT

AUDJPY posted a ‘golden cross’ in mid-January – which is usually a positive sign – but was unable to sustain the upside momentum. Instead, the price structure on the daily chart seems to be turning negative, with lower highs and lower lows below both the 50- and 200-day simple moving averages (SMAs). A dive back below 72.40 would confirm that the outlook has turned bearish. Short-term momentum oscillators endorse an increasingly negative picture, with the RSI turning down after testing [..]

Daily Market Comment – Risk aversion creeps in as virus death toll jumps

Posted on February 7, 2020 at 9:27 am GMT

Equities rally fades as spread of coronavirus shows no sign of slowing Yen edges up but dollar also holds firm ahead of US jobs report Pound set for large weekly losses amid Brexit brinkmanship Virus fears intensify; risk rally loses steam The relief rally sparked by China’s efforts to contain the coronavirus and support its economy appeared to run out of steam by the end of the week as most major stock indices in Asia turned red on Friday. Futures [..]


Technical Analysis – AUDJPY loses steam towards supportive trendline; positive picture questioned   

Posted on January 23, 2020 at 2:22 pm GMT

AUDJPY is cautiously positive in the very short-term as the lower high throws into question the improving outlook. The pair is being supported by the 50-day simple moving average (SMA) keeping optimism on the table. Additionally, the nearing bullish crossover of the 200-day SMA by the 100-day one – around 74.50 – and the supportive trendline below, could sustain the ascent from the low of 69.94. The short-term oscillators suggest that positive momentum may be picking up, despite the recent [..]


Technical Analysis – AUDJPY set for golden cross in upward sloping channel

Posted on January 10, 2020 at 11:57 am GMT

AUDJPY continues to post higher peaks and higher troughs within an upward sloping channel since late August, which keeps the broader outlook positive. Moreover, the 50-day simple moving average (SMA) looks ready to cross above the 200-day one soon, which would be another bullish sign. That said, both seem to be flattening out, signaling that upside momentum may be gradually losing steam. Short-term oscillators concur with the mildly bullish picture. The RSI just entered its positive zone, while the MACD [..]


Technical Analysis – AUDJPY still cautiously positive, but rally capped by 75.60

Posted on December 16, 2019 at 8:34 am GMT

AUDJPY has been posting higher peaks and higher troughs in recent months, above an uptrend line drawn from the lows of August. The near-term outlook therefore seems positive now, though the inability of the bulls to post a closing candle above 75.60 is worrisome and suggests some cause for caution. A clear break above 75.60 is needed to put these concerns to bed and reaffirm the bullish picture. Short term oscillators are in line with the cautiously positive outlook. The [..]

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.