I-AUD / JPY iqala kwakhona i-Uptrend, i-Battles Resistance kwiNqanaba le-75.67

UAzeez Mustapha

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Iindawo eziKhuselekileyo: 74.000, 76.000, 78.000
Iindawo eziNkxaso eziPhambili: 66.000, 64.000, 62.000

I-AUD / JPY yexesha elide iTrend: Bullish
AUD/JPY is in an uptrend. The pair was earlier in a bearish trend. The market terminated at level 62.000 and the current upward move resumed. A correction candle tested the 0.236 Fibonacci retracement level. This candlestick indicates that the pair will rise and reach a high of 4.236 Fibonacci extension level. However, the first target price will be at the 1.272 extension level. Nonetheless, the pair will now gradually move from the levels to 4.236 extensional level.

I-AUD / JPY-Itshathi yemihla ngemihla

Ukutsalwa kwezalathi zemihla ngemihla:
Presently, the pair has risen to level 76 of the Relative Strength Index period 14. This implies that AUD/JPY has reached the overbought region of the market. Sellers may emerge to push prices down. Later the uptrend will resume. It is in an uptrend zone and above the centerline 50. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

I-AUD / JPY Umndilili wexesha eliphakathi: Bullish
On the 4- hour chart, the currency pair is in an uptrend. A trend line is drawn showing the support levels of price. The market has risen to level 75.67 before forming a bearish double top pattern. This formation is contributing to the downtrend.

I-AUD / JPY-4 Itshathi yeYure

Isalathisi seeyure ezingama-4 Ukufunda
The market is presently above 80 % range of the daily stochastic. The stochastic bands are making a U-turn and pointing downward indicating the current fall. This implies that price is in a bearish momentum.

General Outlook for  AUD/JPY
The currency pair is an upward move but it is currently facing resistance at level 75.67. After the retracement, the market will resume an upward move.



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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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