简体中文
ภาษาไทย
繁體中文
Indonesia
AUD/JPY intraday: the RSI is oversold
2024-03-22
1052
99.09 is our pivot point.
Our preference: the downside prevails as long as 99.09 is resistance.
Alternative scenario: the upside breakout of 99.09, would call for 99.29 and 99.41.
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 price is trading under both its 20 and 50 period moving average (respectively at 99.45 and 99.66). Finally, the AUD/JPY has penetrated its lower Bollinger band (98.88).
Supports and resistances:
99.41 **
99.29 *
99.09 **
99.01
98.85 last
98.60
98.48 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
CM Trade Mobile Application
Economics Calendar
More
