97.557 on the Horizon: Unpacking AUDJPY's Bullish Momentum
97.557 on the Horizon: Unpacking AUDJPY's Bullish Momentum
1. Price Formation: The price has broken out from an a falling wedge price formation on a daily chart.
2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum.
3. 200-day Moving Average is below the Price.
4. Thus, Mas 7>21>200
5. Relative Strength Index (RSI): The RSI is > than 50, indicating bullish momentum and potential further upward movement.
6. Price Target: 97.557
1. Price Formation: The price has broken out from an a falling wedge price formation on a daily chart.
2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum.
3. 200-day Moving Average is below the Price.
4. Thus, Mas 7>21>200
5. Relative Strength Index (RSI): The RSI is > than 50, indicating bullish momentum and potential further upward movement.
6. Price Target: 97.557
Trade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.