04.10.202306:37 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday, October 4 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

If we look at the 4 hour chart of AUD/JPY cross currency pairs, there will be a deviation between its price movement with Stochastic Oscillator where this gives the clue that in the near future, AUD/JPY will appreciate rally above to the level 95,33, if the momentum as well as the volatility quite supporting then it is not impossible for AUD/JPY to continue its strength back to the level 96,16 unless if in the way to those level suddenly there is the downward correction to the level 93,07, then, the upward rally scenario that has been described before will become invalid and automatically cancel itself.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.