AUD/JPY Price Analysis: Pair sees mild losses, downtrend shows slowing momentum
16.07.2024, 19:32

AUD/JPY Price Analysis: Pair sees mild losses, downtrend shows slowing momentum

  • AUD/JPY eases to 106.80, still under the 20-day SMA support.
  • Downward trajectory continues, yet with a slackening pace as the bearish sentiment seems to be decelerating.
  • As bears lose steam the pair might side-ways trade in the next sessions.

In Tuesday's session, the AUD/JPY pair recorded a slight decline to 106.70, following up on the gradual declining trend from last week. However, the bearish momentum seems to be flattening as suggested by the shape of the daily candles, following a four-day losing streak. As such, while the pair is projected to maintain its descent, a slowdown in bearish activity may be approaching.

The daily Relative Strength Index (RSI) for the AUD/JPY pair now stands at 51 while the daily Moving Average Convergence Divergence (MACD) prints flat red bars, implying that the selling activity is easing.

AUD/JPY daily chart

Taking a wider view, the AUD/JPY pair seems to maintain a bearish tendency, further accentuated by its position below the 20-day Simple Moving Average (SMA) support. Should the downward movement proceed, the immediate support levels at 106.50 and 106.00 remain the critical markers to watch. On the flip side, to limit further potential losses, buyers should aim to retrieve the 107.00 level, the 107.30 zone (20-day SMA), and then target the 108.00 barrier as a signal for recovery.

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik