FORECAST BY MARIUS GHISEA – AUD/JPY (September 28-October 2)

According to the daily chart, the AUD/JPY currency pair will fall in the medium long term, at around 82.50 level. The price is below EMA 15 on the daily chart and this is a confirmation that AUD/JPY will continue to fall. The MACD indicates also a downtrend for this currency pair. 

AUDJPYDaily-page-001

The price on 4 hour chart is below EMA 200. This indicates that the AUD/JPY currency pair is still in a downtrend in the near term.

AUDJPY4h-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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