AUD/JPY Intraday: look for a drop towards 95.16 before a bounce
Sep 18, 2024 7:29 PM
look for a drop towards 95.16 before a bounce.
Our pivot point stands at 95.16.
Our preference:
look for a drop towards 95.16 before a bounce.
Alternative scenario:
below 95.16, expect 94.52 and 94.13.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the pair is trading under its 20 period moving average (96.06) but above its 50 period moving average (95.96).
Supports and resistances:
97.99 **
97.60 *
97.22 **
96.83
96.01 last
95.41
95.16 **
94.52 *
94.13 **
Our preference:
look for a drop towards 95.16 before a bounce.
Alternative scenario:
below 95.16, expect 94.52 and 94.13.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the pair is trading under its 20 period moving average (96.06) but above its 50 period moving average (95.96).
Supports and resistances:
97.99 **
97.60 *
97.22 **
96.83
96.01 last
95.41
95.16 **
94.52 *
94.13 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
AUD/JPY
97.494
1.270
+1.32%