Wednesday, October 23, 2019
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Technical Analysis – AUD/JPY tests swing peak

AUD/JPY tests swing peak, putting a 6-month down move into question. AUD/JPY buyers are currently encountering a crucial resistance level at 74.48, after surpassing the Ichimoku cloud. Backing the short-term positive picture is the 50-day simple moving average (SMA) which has adopted an upwards-sloping demeanor and the Tenkan-Sen which has fulfilled a

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Technical Analysis – AUD/JPY bulls face big challenge around 20-SMA

Selling interest is continuing in the AUD/JPY market, remaining below the 20-day simple moving average (SMA). However, the technical indicators are suggesting a possible upside correction. The MACD is strengthening its bullish momentum above the trigger line, while the RSI is looking slightly positive in the negative threshold. Should positive pressure come

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