AUD/JPY Intraday: the downside prevails as long as 99.67 is resistance
Oct 1, 2024 10:31 AM
the downside prevails as long as 99.67 is resistance.
Our pivot point stands at 99.67.
Our preference:
the downside prevails as long as 99.67 is resistance.
Alternative scenario:
above 99.67, look for 100.27 and 100.62.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 99.63 and 99.36).
Supports and resistances:
100.62 **
100.27 *
99.67 **
99.43
99.19 last
98.48
98.12 **
97.76 *
97.41 **
Our preference:
the downside prevails as long as 99.67 is resistance.
Alternative scenario:
above 99.67, look for 100.27 and 100.62.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 99.63 and 99.36).
Supports and resistances:
100.62 **
100.27 *
99.67 **
99.43
99.19 last
98.48
98.12 **
97.76 *
97.41 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
AUD/JPY
100.534
0.061
+0.06%