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8 Nov 2018
AUD/JPY Technical Analysis: Bearish RSI divergence on 1H chart
- The AUD/JPY is currently trading at 82.54 and may drop to support of the ascending 50-hour exponential moving average (EMA), currently at 8.19, as the relative strength index (RSI) on the hourly chart has diverged in favor of the bears.
- The hourly chart is also showing a bearish divergence of stochastic and a bearish crossover on the MAC.
- The pullback, however, could be short-lived as the daily chart is biased toward the bulls: yesterday's bullish close above the 200-day EMA is backed by the ascending 5-, 10-day EMAs.
Hourly Chart
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Trend: Pullback likely
AUD/JPY
Overview:
Last Price: 82.56
Daily change: -4.0 pips
Daily change: -0.0484%
Daily Open: 82.6
Trends:
Daily SMA20: 80.29
Daily SMA50: 80.53
Daily SMA100: 81.23
Daily SMA200: 82.15
Levels:
Daily High: 82.72
Daily Low: 81.87
Weekly High: 81.96
Weekly Low: 79.1
Monthly High: 82.5
Monthly Low: 78.56
Daily Fibonacci 38.2%: 82.39
Daily Fibonacci 61.8%: 82.19
Daily Pivot Point S1: 82.08
Daily Pivot Point S2: 81.55
Daily Pivot Point S3: 81.24
Daily Pivot Point R1: 82.92
Daily Pivot Point R2: 83.24
Daily Pivot Point R3: 83.76