Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

AUD/JPY has been quite impulsive with the recent bearish gains which lead the price to reside below 82.00 support area with a daily close recently. Though the price has been quite volatile and corrective earlier as the price cleared one of the importance levels in the process, further bearish momentum is expected.

AUD has been struggling with the mixed economic reports recently which lead the currency to weaken further in the process against JPY. Today JPY Prelim GDP report was published with a significant increase to 0.5% from the previous negative value of -0.2% which was expected to be at 0.3%, PPI increased to 3.1% from the previous value of 2.8% which was expected to be at 2.9% and Prelim GDP Price Index performed better than expected at 0.1% though decreasing from the previous value of 0.5% but better than expected value of 0.0%.

On the AUD side, today RBA Monetary Policy Statement was held which was quite neutral with the outcome leading the currency to a certain indecisive phase in the process. Despite the mixed economic reports, economically AUD is a bit struggling to gain momentum in the market which resulted to further bearish pressure in the process.

As of the current scenario, JPY is expected to gain further over AUD resulting further bearish momentum in the process. As JPY performing better sentimentally and fundamentally, it is expected to dominate AUD further in the coming days.

Now let us look at the technical view. The price is currently residing below 82.00 area and dynamic level of 20 EMA with a daily close, which is expected to push the price much lower towards 80.50 area in the coming days. As the price remains below 84.50 area with a daily close, the bearish bias is expected to continue further.

SUPPORT: 80.50

RESISTANCE: 82.00, 84.50

BIAS: BEARISH

MOMENTUM: IMPULSIVE

Exchange Rates 10.08.2018 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Rocky Yaman,
Analytical expert
InstaForex Group © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.