{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audjpy-is-trending-downwards\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audjpy-is-trending-downwards\/","headline":"AUDJPY : Is Trending Downwards","name":"AUDJPY : Is Trending Downwards","description":"AUDJPY remains in a bearish trend market zone.Sellers are in the dominance of the market. AUDJPY Weekly Price Analysis – August 15Should the bear increase their momentum, the support level of $80.013 may be broken down. AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$85.325, $85.330 $85.335Support levels:\u00a0 \u00a0 \u00a0 \u00a0$80.050, $80.045, $80.040AUDJPY Long-term trend: BearishThe currency pair is […]","datePublished":"2021-08-15","dateModified":"2021-08-15","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/AUDLNT-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/AUDLNT-2.png","height":532,"width":1079},"url":"https:\/\/forexschoolonline.com\/audjpy-is-trending-downwards\/","about":["AUD\/JPY","FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":396,"keywords":["audjpy","Australian Dollar\/Japanese Yen","Technical Analysis"],"articleBody":"AUDJPY remains in a bearish trend market zone.Sellers are in the dominance of the market.AUDJPY Weekly Price Analysis – August 15Should the bear increase their momentum, the support level of $80.013 may be broken down. AUDJPY MarketKey Levels:Resistance levels:\u00a0 \u00a0$85.325, $85.330 $85.335Support levels:\u00a0 \u00a0 \u00a0 \u00a0$80.050, $80.045, $80.040AUDJPY Long-term trend: BearishThe currency pair is in a downward trend in its long-term perspective. The EMA-9 acted as strong support for the bearish downward price movement each time the price drops around it.The sustained bearish pressure pushed the pair down to $ 80.949 in the support area during yesterday\u2019s session.The journey downwards continues as the daily chart opens today with a bearish candle at $80.993 in the support area. The price of AUDJPY is initially down at $80.741 in the support area below the two EMAs as at the time of writing this article, an indication of a downtrend in the context of the strength of the market.The stochastic oscillator signal pointing downwards at around level 64% in the overbought region suggests that the Yen is in a downward momentum in its long-term perspective.AUDJPY Medium-term trend: BearishAUDJPY is in a bearish trend move in its medium-term outlook. The bears at $81.224 in the support area, after touching the EMA -50, further pushed the price down to $80.979 in the support area during yesterday\u2019s session.The momentum was lost due to the bull\u2019s brief return. Bulls took over and move the price up to $ 81.067 in the resistance area before the session closes yesterday.The 4-hourly chart today opens with a bullish doji candle at $81.027 in the resistance area, an indication of a trend reversal.The price of AUDJPY further rises to $81.043 in the resistance area. The sellers came in and drop the price of the Yen down to $80.871 in the support area.The price of AUDJPY continues down south to $80.741 in the support area below the two EMAs, an indication that the momentum in the price of the pair is in a downward trend.The stochastic oscillator signal pointing down at around level 11% in the oversold region implies that the price of the AUDJPY may likely remain in the same direction in the days ahead in the medium-term. Hence, buyer\u2019s relief.Note: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}