MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Fundamental Analysis of AUD/JPY for April 27, 2018

AUD/JPY is currently corrective itself in a volatile inside the mid-range between 82.00 to 84.50 area from where it is expected to push higher in the coming days. This week, AUD failed to provide extra push with the economic reports to regain its momentum with counter pressure in the market. This week, AUD CPI report was published with a decrease to 0.4% from the previous value of 0.6% and Trimmed Mean CPI report was published with an increase to 0.5%, as expected, from the previous value of 0.4%. Though the result was quite mixed in nature, but was not sufficient to provide the required momentum for AUD to push the price higher against JPY. Today, AUD PPI report was published with slightly better than expected value of 0.5% though decreasing from the previous value of 0.6% which was expected to decrease to 0.4%. On the JPY side, it gained certain momentum over AUD after having unchanged BOJ Policy Rate at -0.10% today. The BOJ Policy Statement has been quite hawkish with the increase in certain sectors which is expected to play a vital role in the economy development in the coming days. As of the current scenario, AUD is expected to gain certain momentum against JPY, but the corrective price action and volatile structure is going to persist further in the coming days until a strong high impact economic report on either side helps to gain impulsive momentum with definite non-volatile trend pressure.

Now let us look at the technical view. The price has formed a bullish divergence recently which is expected to push the price higher in the coming days. Though the price is currently residing inside a corrective volatile range, but after violating the dynamic level of 20 EMA resistance, it is expected to push higher towards the 84.50 price area in the future. As the price remains above the 82.00 area with a daily close, further bullish pressure is expected to continue.

analytics5ae31d437fe4c.png

The material has been provided by InstaForex Company - www.instaforex.com