AUD/JPY Price Analysis: Bearish bias subdued, indicators hint at consolidation phase
09.08.2024, 22:09

AUD/JPY Price Analysis: Bearish bias subdued, indicators hint at consolidation phase

  • The AUD/JPY pair declined to 96.45 on Friday resuming the losses after three sessions with gains.
  • However, technical indicators suggest a shift towards neutral territory, with the RSI moving out of the oversold zone and the MACD showing decreasing red bars.
  • The cross will close a weekly gain of nearly 1% despite the losses.

In Friday's session, the AUD/JPY pair declined by 0.65% to 96.45, extending its recent downward trajectory. Despite this move lower, technical indicators are showing signs of a potential shift in market sentiment.

The Relative Strength Index (RSI) has moved out of the oversold territory below 30 and is currently hovering around 33. This suggests that the AUD/JPY is no longer considered oversold and is moving towards neutral ground. The Moving Average Convergence Divergence (MACD) is also showing decreasing red bars, indicating that the bearish momentum may be waning.

AUD/JPY daily chart

Based on these technical observations, it is possible that the AUD/JPY pair is entering a consolidation phase. The pair may continue to trade within a range, with limited downside potential due to the increasing support at 96.00 and 95.00. On the upside, resistance at 97.00, 98.00, and 100.00 could limit any significant upward movement.

© 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