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On the 4-hour chart, the AUD/JPY cross currency pair appears to be moving in a strengthening condition, which is indicated by its price movement moving harmoniously within the Bullish Pitchfork channel, but with the appearance of Divergence between the AUD/JPY price movement and the Stochastic Oscillator indicator, it gives an indication that there is a potential for a weakening correction, but as long as the correction does not fall until it breaks through and closes below the Bullish Pitchfork Lower Line level and/or below 94.00, it will actually be a good strengthening momentum for AUD/JPY which will make this currency pair potentially continue its strengthening appreciation to the level of 96.11 and if the strengthening momentum and volatility support it, the Middle Line Pitchfork and/or 97.67 will be the next target for AUD/JPY.
(Disclaimer)
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
