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:
Slightly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 102.11 JPY
My targets
102.90 JPY (+0.55)
104.92 JPY (+2.57)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade AUD/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 102.11 JPY. The buyers' bullish objective is set at 102.90 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 104.92 JPY. If there is any crossing, the next objective would be the resistance located at 105.04 JPY. If there is a bearish break in the support located at 102.11 JPY some indecision would arise.
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
5
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/JPY price is 102.35 JPY. On the day, this instrument gained +0.20% and was traded between 101.99 JPY and 102.47 JPY over the period. The price is currently at +0.35% from its lowest and -0.12% from its highest.101.99
102.47
102.35
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
Here is a more detailed summary of the historical variations registered by AUD/JPY:
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 slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 99.39 | 100.60 | 102.11 | 102.35 | 102.90 | 105.04 |
| Change (%) | -2.89% | -1.71% | -0.23% | - | +0.54% | +2.63% |
| Change | -2.96 | -1.75 | -0.24 | - | +0.55 | +2.69 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.05 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -0.40 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 102.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 102.18 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 102.59 | |
| Zig ZAG (10): | 102.34 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 73.40 | |
| TEMA (21): | 102.36 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.37 |
| MA7: | 101.90 | |
| MA20: | 100.43 | |
| MA50: | 99.15 | |
| MA100: | 98.05 | |
| MAexp7: | 102.33 | |
| MAexp20: | 102.30 | |
| MAexp50: | 102.33 | |
| MAexp100: | 102.13 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | +1.91% | |
| Price / MA50: | +3.23% | |
| Price / MA100: | +4.39% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.22% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on AUD/JPY at the time of the analysis were as follows:
-
AUD/JPY Forecast January 6, 2023
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AUD/JPY Forecast December 16, 2022
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Risk event for the week: Long #AUDJPY
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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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