Please refer Daily AUD/JPY charts for the following analysis.
1) ADX: AUD/JPY daily +DI line remains below -DI line. ADX is below 25 but is almost running flat for (approx. 24.80).
2) MACD: AUD/JPY daily MACD line remains below the signal line with a wide bullish gap.Weekly MACD is also over the signal line but the bullish gap has narrowed down sharply and it is almost touching the signal line though no bearish crossover has yet taken place.
3) AUD/JPY Daily Ichimoku cloud: Tenkan line moved below Kijun line to give a weak bearish signal as the crossover took place above the cloud. The price is still above the upper edge of the cloud.
Go to AUD/JPY Weekly Outlook.
Go to AUD/JPY Fundamental Outlook .
Go to AUD/JPY Daily Analysis.
Visit Forex Technical Analysis page.
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