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> Technical Analysis 2017.09.13 - AUD/JPY Which Safe Haven will Come out on top?
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Technical Analysis 2017.09.13 - AUD/JPY Which Safe Haven will Come out on top?

STO

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The four-hour chart, shows the Kinjun-sen line under the Tenkan-sen with an upward vector, as the blue holds a horizontal vector. Chikou Span confirmative line is over the chart, indicating towards an ascending cloud. The currency pairs price is in the region over both the Kijun-sen and Tenkan-sen; this is pointing towards a Bullish trend. The most proximate support is set at 87.964 or at the Tenkan-sen line’s level. The last max delineated by the Chikou Span is also taken as the assumed resistance at 88.950.

The D1 chart shows the Kijun-sen under Tenkan-sen, both lines have are horizontal. The Chikou Span confirmative line is in the region over the price chart, indicating towards an ascending cloud.

The currency pair is trading in the region over the Kijun-sen and Tenkan-sen lines; once again indicating towards a bullish trend. The most proximate support is assumed to be the up most limit of the cloud or the price level of 87.942. The last maximums set at the Chikou Span are assumed to be the currency pair’s resistance at 89.181.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/technical-analysis-20170913-audjpy-which-safe-haven-will-come-out-on-top/?camp=24219
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