Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday, October 25 2023.
October 25, 2023 5:24 am
With the price movement of AUD/JPY cross currency pairs on the 4 hour chart which is above WMA 30 Shift 2 as well as the appearance of the deviation pattern between price movement with Stochastic Oscillator indicator, gives the clue that actually AUD/JPY has the quite significant upward momentum but unfortunately by the appearance of Double Bottom pattern, it gives the potential for the AUD/JPY to go down, and to catch up on the liquidity left in the Double Bottom area, but as long as the decline does not exceed level 93.99, AUD/JPY still has the potential to rise again to level 95.84.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
With the price movement of AUD/JPY cross currency pairs on the 4 hour chart which is above WMA 30 Shift 2 as well as the appearance of the deviation pattern between price movement with Stochastic Oscillator indicator, gives the clue that actually AUD/JPY has the quite significant upward momentum but unfortunately by the appearance of Double Bottom pattern, it gives the potential for the AUD/JPY to go down, and to catch up on the liquidity left in the Double Bottom area, but as long as the decline does not exceed level 93.99, AUD/JPY still has the potential to rise again to level 95.84.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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