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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMay 16, 2020 - 20:21
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 70.700, beginning of downtrend is expected.
  • We make sure when the support at 64.400 breaks.
  • If the resistance at 70.700 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 70.15 on 05/11/2020, so more losses to support(s) 67.70, 66.65 and minimum to Major Support (64.40) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 50.

Supports and Resistances:

  1. 90.30
  2. 85.85
  3. 82.75
  4. 80.70
  5. 76.55
  6. 72.40
Click on the level to view price action history.