Forecast by Marius Ghisea – AUD/JPY (August 15-19)

The AUD/JPY currency pair may fall in the medium long term, according to the daily chart. The downtrend may continue, because the price is still below 50 EMA (78.41). The MACD and the stochastic oscillator indicate a downtrend for this pair.

AUDJPYdaily-page-001

The 8 hour chart shows that the AUD/JPY pair may fall in the next period. The price is still below 200 EMA (78.82).

AUDJPY h8-page-001

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