13.03.202407:11 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday, March 13 2024.

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.

On the 4-hour chart, the cross currency pair AUD/JPY can be seen showing the appearance of deviations between price movements and the MACD indicator, plus the price is now above WMA 30 shift 2, so that in the near future AUD/JPY has the potential to strengthen upwards to test the level of 97.64 and if the level If this has been successfully broken upwards, AUD/JPY will have the potential to continue its strengthening up to level 98.09 if the momentum and volatility support it, but this strengthening scenario could become invalid if on its way to these levels suddenly there is a downward correction that breaks below the level. 96.95.

(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.