AUD/JPY – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 72.23 is resistance

AUD/JPY - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 72.23 is resistance

The configuration is negative.

Our pivot point stands at 72.23.

Our preference: the downside prevails as long as 72.23 is resistance.

Alternative scenario: above 72.23, look for 72.44 and 72.57.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 72.18 and 72.16).

Supports and resistances:

72.57 **

72.44 *

72.23 **

72.14

72.06 last

71.79

71.66 **

71.53 *

71.40 **

AUD/JPY Currency exchange rate forecast 16.08.2019: above its upper Bollinger band

AUD/JPY Currency exchange rate forecast 16.08.2019: above its upper Bollinger band

Alternative scenario: the downside breakout of 71.92 would call for 71.70 and 71.57.

Our pivot point is at 71.92.

Our preference: the upside prevails as long as 71.92 is support.

Alternative scenario: the downside breakout of 71.92 would call for 71.70 and 71.57.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 71.93 and 71.91). Finally, the AUD/JPY has crossed above its upper Bollinger band (72.12).

Supports and resistances:

72.81 **

72.68 *

72.55 **

72.42

72.15 last

72.00

71.92 **

71.70 *

71.57 **

AUD/JPY Currency exchange rate forecast 15.08.2019: under pressure below 71.88

AUD/JPY Currency exchange rate forecast 15.08.2019: under pressure below 71.88

The MACD must penetrate its zero line to expect further downside.

Our pivot point is at 71.88.

Our preference: under pressure below 71.88.

Alternative scenario: the upside breakout of 71.88, would call for 72.10 and 72.23.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 71.83 and 71.64).

Supports and resistances:

72.23 **

72.10 *

71.88 **

71.80

71.63 last

71.33

71.20 **

71.07 *

70.94 **

AUD/JPY Currency exchange rate forecast 12.08.2019: the RSI is oversold

AUD/JPY Currency exchange rate forecast 12.08.2019: the RSI is oversold

Alternative scenario: the upside breakout of 71.25 would call for 71.46 and 71.59.

Our pivot point is at 71.25.

Our preference: the downside prevails as long as 71.25 is resistance.

Alternative scenario: the upside breakout of 71.25, would call for 71.46 and 71.59.

Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 71.42 and 71.59).

Supports and resistances:

71.59 **

71.46 *

71.25 **

71.17

71.02 last

70.76

70.64 **

70.51 *

70.38 **

AUD/JPY – Currency exchange rate forecast 07.08.2019: the upside prevails as long as 71.59 is support

AUD/JPY - Currency exchange rate forecast 07.08.2019: the upside prevails as long as 71.59 is support

The MACD is above its signal line and positive.

Our pivot point stands at 71.59.

Our preference: the upside prevails as long as 71.59 is support.

Alternative scenario: below 71.59, expect 71.38 and 71.25.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 71.49 and 71.56).

Supports and resistances:

72.54 **

72.41 *

72.28 **

72.15

71.81 last

71.68

71.59 **

71.38 *

71.25 **

AUD/JPY – Currency exchange rate forecast 03.07.2019: the RSI is overbought

AUD/JPY - Currency exchange rate forecast 03.07.2019: the RSI is overbought

The configuration is positive.

Our pivot point is at 75.69.

Our preference: the upside prevails as long as 75.69 is support.

Alternative scenario: the downside breakout of 75.69 would call for 75.46 and 75.33.

Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 75.74 and 75.51).

Supports and resistances:

76.56 **

76.43 *

76.29 **

76.15

75.88 last

75.78

75.69 **

75.46 *

75.33 **

AUD/JPY – Currency exchange rate forecast 01.07.2019: the downside prevails as long as 75.67 is resistance

AUD/JPY - Currency exchange rate forecast 01.07.2019: the downside prevails as long as 75.67 is resistance

Alternative scenario: the upside breakout of 75.67 would call for 75.89 and 76.03.

Our pivot point is at 75.67.

Our preference: the downside prevails as long as 75.67 is resistance.

Alternative scenario: the upside breakout of 75.67, would call for 75.89 and 76.03.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 75.60 and 75.79).

Supports and resistances:

76.03 **

75.89 *

75.67 **

75.58

75.48 last

75.19

75.06 **

74.92 *

74.79 **

AUD/JPY – Currency exchange rate forecast 28.06.2019: the upside prevails as long as 75.45 is support

AUD/JPY - Currency exchange rate forecast 28.06.2019: the upside prevails as long as 75.45 is support

Alternative scenario: the downside breakout of 75.45 would call for 75.22 and 75.09.

75.45 is our pivot point.

Our preference: the upside prevails as long as 75.45 is support.

Alternative scenario: the downside breakout of 75.45 would call for 75.22 and 75.09.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 75.56 and 75.51).

Supports and resistances:

76.34 **

76.20 *

76.07 **

75.93

75.65 last

75.54

75.45 **

75.22 *

75.09 **

AUD/JPY – Currency exchange rate forecast 19.06.2019: the downside prevails as long as 74.54 is resistance

AUD/JPY - Currency exchange rate forecast 19.06.2019: the downside prevails as long as 74.54 is resistance

Alternative scenario: the upside breakout of 74.54 would call for 74.76 and 74.89.

Our pivot point is at 74.54.

Our preference: the downside prevails as long as 74.54 is resistance.

Alternative scenario: above 74.54, look for 74.76 and 74.89.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 74.45 and 74.52).

Supports and resistances:

74.89 **

74.76 *

74.54 **

74.45

74.36 last

74.07

73.94 **

73.81 *

73.67 **

AUD/JPY – Currency exchange rate forecast 17.06.2019: the downside prevails as long as 74.59 is resistance

AUD/JPY - Currency exchange rate forecast 17.06.2019: the downside prevails as long as 74.59 is resistance

The configuration is negative.

Our pivot point is at 74.59.

Our preference: the downside prevails as long as 74.59 is resistance.

Alternative scenario: above 74.59, look for 74.81 and 74.94.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 74.51 and 74.59).

Supports and resistances:

74.94 **

74.81 *

74.59 **

74.50

74.40 last

74.12

73.98 **

73.85 *

73.72 **