AUD/JPY
AUD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDJPY
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AUD/JPY - 1H - Technical analysis published on 10/16/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 94.65 JPY
My targets
94.87 JPY (+0.12)
95.56 JPY (+0.81)
My analysis
The strong short-term increase in AUD/JPY calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 94.65 JPY, you could consider taking advantage of the short-term movement. The first bullish objective is located at 94.87 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 95.56 JPY as an objective. Crossing it would then enable buyers to target 95.83 JPY. Caution, a return under 94.65 JPY could jeopardize the reversal.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Majid. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

AUD/JPY rating 94.75 JPY. On the day, this instrument gained +0.64% with the lowest point at 94.04 JPY and the highest point at 94.78 JPY. The deviation from the price is +0.75% for the low point and -0.03% for the high point.

94.04
94.78
94.75

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of AUD/JPY in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 94.05 94.45 94.65 94.75 94.87 95.56 95.83
Change (%) -0.74% -0.32% -0.11% - +0.13% +0.85% +1.14%
Change -0.70 -0.30 -0.10 - +0.12 +0.81 +1.08
Level Intermediate Minor Minor - Intermediate Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard93.0193.5393.8494.3694.6795.1995.50
Camarilla93.9294.0094.0794.1594.2394.3094.38
Woodie92.9193.4893.7494.3194.5795.1495.40
Fibonacci93.5393.8594.0494.3694.6894.8795.19


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard91.7492.9093.5294.6895.3096.4697.08
Camarilla93.6693.8293.9994.1594.3194.4894.64
Woodie91.4892.7793.2694.5595.0496.3396.82
Fibonacci92.9093.5894.0094.6895.3695.7896.46


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard90.8092.2094.1495.5497.4898.88100.82
Camarilla95.1795.4895.7896.0996.4096.7097.01
Woodie91.0892.3494.4295.6897.7699.02101.10
Fibonacci92.2093.4794.2695.5496.8197.6098.88

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 60.50
MACD (12,26,9): 0.0500
Directional Movement: 7.62
AROON (14): 100.00
DEMA (21): 94.59
Parabolic SAR (0,02-0,02-0,2): 94.48
Elder Ray (13): 0.15
Super Trend (3,10): 94.30
Zig ZAG (10): 94.75
VORTEX (21): 1.1900
Stochastique (14,3,5): 93.59
TEMA (21): 94.73
Williams %R (14): -2.56
Chande Momentum Oscillator (20): 0.25
Repulse (5,40,3): 0.2500
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.64
MA7: 95.05
MA20: 95.13
MA50: 94.55
MA100: 94.62
MAexp7: 94.65
MAexp20: 94.55
MAexp50: 94.63
MAexp100: 94.80
Price / MA7: -0.32%
Price / MA20: -0.40%
Price / MA50: +0.21%
Price / MA100: +0.14%
Price / MAexp7: +0.11%
Price / MAexp20: +0.21%
Price / MAexp50: +0.13%
Price / MAexp100: -0.05%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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