Main Quotes Calendar Forum
flag

FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday March 19, 2025.

parent
Forex Analysis:::2025-03-19T05:04:27

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday March 19, 2025.

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday March 19, 2025.

On the 4-hour chart, the AUD/JPY cross currency pair appears to be moving in a strengthening condition, which is indicated by its price movement moving harmoniously within the Bullish Pitchfork channel, but with the appearance of Divergence between the AUD/JPY price movement and the Stochastic Oscillator indicator, it gives an indication that there is a potential for a weakening correction, but as long as the correction does not fall until it breaks through and closes below the Bullish Pitchfork Lower Line level and/or below 94.00, it will actually be a good strengthening momentum for AUD/JPY which will make this currency pair potentially continue its strengthening appreciation to the level of 96.11 and if the strengthening momentum and volatility support it, the Middle Line Pitchfork and/or 97.67 will be the next target for AUD/JPY.

(Disclaimer)

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...