AUD/JPY - 1H - Technical analysis published on 05/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 102.11 JPY
My targets
102.90 JPY (+0.54)
104.92 JPY (+2.56)
My analysis
A bullish trend on AUD/JPY both in substance and in the short term. A purchase could be considered as long as the price remains above 102.11 JPY. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 102.90 JPY. Then the price could move towards 104.92 JPY. Then 105.04 JPY by extension. Be careful, a return below 102.11 JPY would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/JPY rating 102.36 JPY. The price registered an increase of +0.21% on the session with the lowest point at 101.99 JPY and the highest point at 102.47 JPY. The deviation from the price is +0.36% for the low point and -0.11% for the high point.101.99
102.47
102.36
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/JPY in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 99.39 | 100.60 | 102.11 | 102.36 | 102.90 | 105.04 |
| Change (%) | -2.90% | -1.72% | -0.24% | - | +0.53% | +2.62% |
| Change | -2.97 | -1.76 | -0.25 | - | +0.54 | +2.68 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 100.95 | 101.50 | 101.82 | 102.37 | 102.69 | 103.24 | 103.56 |
| Camarilla | 101.91 | 101.99 | 102.07 | 102.15 | 102.23 | 102.31 | 102.39 |
| Woodie | 100.85 | 101.44 | 101.72 | 102.31 | 102.59 | 103.18 | 103.46 |
| Fibonacci | 101.50 | 101.83 | 102.03 | 102.37 | 102.70 | 102.90 | 103.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.16 | 97.63 | 100.54 | 102.01 | 104.92 | 106.39 | 109.30 |
| Camarilla | 102.25 | 102.65 | 103.05 | 103.45 | 103.85 | 104.25 | 104.66 |
| Woodie | 96.88 | 97.99 | 101.26 | 102.37 | 105.64 | 106.75 | 110.02 |
| Fibonacci | 97.63 | 99.30 | 100.34 | 102.01 | 103.68 | 104.72 | 106.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.12 | 94.45 | 98.30 | 101.63 | 105.48 | 108.81 | 112.66 |
| Camarilla | 100.18 | 100.83 | 101.49 | 102.15 | 102.81 | 103.47 | 104.13 |
| Woodie | 91.38 | 94.58 | 98.56 | 101.76 | 105.74 | 108.94 | 112.92 |
| Fibonacci | 94.45 | 97.19 | 98.89 | 101.63 | 104.37 | 106.07 | 108.81 |
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): | 54.70 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 1.98 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 102.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 102.15 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 102.59 | |
| Zig ZAG (10): | 102.38 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 82.37 | |
| TEMA (21): | 102.32 | |
| Williams %R (14): | -20.83 | |
| Chande Momentum Oscillator (20): | 0.36 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.34 |
| MA7: | 101.90 | |
| MA20: | 100.44 | |
| MA50: | 99.15 | |
| MA100: | 98.05 | |
| MAexp7: | 102.32 | |
| MAexp20: | 102.28 | |
| MAexp50: | 102.33 | |
| MAexp100: | 102.12 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | +1.91% | |
| Price / MA50: | +3.24% | |
| Price / MA100: | +4.40% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.24% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on AUD/JPY. At the time of publication of this analysis, the latest news was as follows:
-
AUD/JPY Forecast January 6, 2023
-
AUD/JPY Forecast December 16, 2022
-
Risk event for the week: Long #AUDJPY
-
Trade of the Week: long AUD/JPY
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Market Sentiment Webinar: Positive for USD, Bullish Signal on AUD/JPY
This member declared not having a position on this financial instrument or a related financial instrument.
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