empty
 
 
21.02.2024 06:57 AM
Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday, February 21 2024.

This image is no longer relevant

With the appearance of the hidden deviation between the price movement with Stochastic Oscillator indicator on the 4 hour chart of AUD/JPY cross currency pairs, as well as the price movement which moves inside the channel which dives upwards as well as above the WMA 30 shift 2 which is also has the upward slope where this also happens to coincide with the holding of the AUD/JPY weakening correction movement at the level of the Bullish Fair Value Gap area (Light Green Box) so in the near future AUD/JPY has the potential to continue its strengthening to test and try to breaks above the 98.58 level. If this level is successfully broken then AUD/JPY has the potential to continue strengthening up to level 99.16 provided that during its journey upwards there is no significant downward correction movement, especially until it penetrates below level 97.94 because if this level is successfully penetrated downwards then all the strengthening scenarios that have been described previously will become ineffective. valid and automatically cancel itself.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback