24 Apr 2014
AUD/JPY edges higher to 95.30
FXStreet (Bali) - AUD/JPY is strengthening in the early going of the Tokyo session, up 0.04% on the day at 95.30, having posted a daily high at 95.35 and low at 95.10.
How strong has the move been?
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish. Currently RSI is at 69.49, up from the last hourly print at 51.45, with ADX at 35.08, up from its previous close at 30.87. Daily RSI sits at 63.91, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 95.60, up from the last close at 95.60 and climbing. Over the past 20 days, the exponential average closing price is 95.24, and trending higher.
How volatile has AUD/JPY been?
On a daily chart, 2-Standard Deviation Volatility Bandwidth is shrinking at 191 pips. Following the four week period average, today’s most volatile hour is between 1:00-2:00 GMT which has an average movement of 27 pips.
What price levels and patterns have to be considered?
With spot trading at 95.31, we can see next resistance ahead at 95.35 (Daily High), 95.44 (Daily Classic S2), 95.48 (Weekly Classic PP), 95.60(Hourly 200 SMA) and 95.61 (Hourly 100 SMA). Support below can be found in a tight cluster at 95.28 (Daily Open), 95.27 (Weekly Low), 95.24 (Daily 20 SMA), 95.22 (Daily Classic S3) and 95.19 (Hourly 20EMA).
How strong has the move been?
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish. Currently RSI is at 69.49, up from the last hourly print at 51.45, with ADX at 35.08, up from its previous close at 30.87. Daily RSI sits at 63.91, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 95.60, up from the last close at 95.60 and climbing. Over the past 20 days, the exponential average closing price is 95.24, and trending higher.
How volatile has AUD/JPY been?
On a daily chart, 2-Standard Deviation Volatility Bandwidth is shrinking at 191 pips. Following the four week period average, today’s most volatile hour is between 1:00-2:00 GMT which has an average movement of 27 pips.
What price levels and patterns have to be considered?
With spot trading at 95.31, we can see next resistance ahead at 95.35 (Daily High), 95.44 (Daily Classic S2), 95.48 (Weekly Classic PP), 95.60(Hourly 200 SMA) and 95.61 (Hourly 100 SMA). Support below can be found in a tight cluster at 95.28 (Daily Open), 95.27 (Weekly Low), 95.24 (Daily 20 SMA), 95.22 (Daily Classic S3) and 95.19 (Hourly 20EMA).