30.08.201808:47 Forex Analysis & Reviews: Fundamental Analysis of AUD/JPY for August 30, 2018

Análisis a largo plazo

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

AUD/JPY has been quite volatile and corrective recently after breaking above 80.50 area with a daily close. Despite downbeat economic reports from Australia today, the currency has not yet weakened enough to give in to JPY.

Today Australia's Private Capital Expenditure report was published with a significant decrease to -2.5% from the previous positive value of 1.2% which was expected to be at 0.6% and Building Approvals also showed a significant decrease to -5.2% from the previous positive value of 6.8% which was expected to be at -2.2%.

On the JPY side, the Japanese currency was struggling to gain momentum recently due to indecisive results from the economic reports, but today Japan's Retail Sales report came in beyond expectations, while decreasing from 1.7% to 1.5% but performing better than 1.3% which lead JPY to gain impulsive momentum over AUD in the process.

Meanwhile, AUD performed worse amid high impact economic reports like Private Capital Expenditure and Building Approvals that is expected to hurt upcoming gains for the currency. On the other hand, JPY is likely to regain momentum until Australia presents positive economic reports to justify its further gains in the pair for the future.

Now let us look at the technical view. The price is currently quite impulsive with the bearish pressure which led to certain downward momentum in the volatile and corrective phase of the market. The dynamic level is being breached currently whereas a daily close with such bearish pressure is expected to inject further bearish momentum with a target towards 80.50 and lower in the coming days. On the other hand, a daily close above 82.00 is expected to provide the required momentum for the pair as a counter move against the ongoing bearish trend. As the price remains below 82.00 area, the bearish bias is expected to continue.

SUPPORT: 80.50, 78.50

RESISTANCE: 82.00, 85.00

BIAS: BEARISH

MOMENTUM: VOLATILE

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.