AUD/JPY - 1H - Technical analysis published on 05/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 102.18 JPY
My targets
100.60 JPY (-0.82)
99.72 JPY (-1.70)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/JPY as long as the price remains well below 102.18 JPY. The sellers' bearish objective is set at 100.60 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 99.72 JPY. In case of crossing, the next objective would be the support located at 98.28 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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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 101.42 JPY. The price registered a decrease of -0.27% on the session and was traded between 101.34 JPY and 102.05 JPY over the period. The price is currently at +0.08% from its lowest and -0.62% from its highest.101.34
102.05
101.42
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
A technical analysis in 1H of this AUD/JPY chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 99.72 | 100.60 | 101.38 | 101.42 | 102.18 | 102.74 | 105.04 |
| Change (%) | -1.68% | -0.81% | -0.04% | - | +0.75% | +1.30% | +3.57% |
| Change | -1.70 | -0.82 | -0.04 | - | +0.76 | +1.32 | +3.62 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.33 | 98.62 | 100.16 | 101.45 | 102.99 | 104.28 | 105.82 |
| Camarilla | 100.91 | 101.17 | 101.43 | 101.69 | 101.95 | 102.21 | 102.47 |
| Woodie | 97.45 | 98.68 | 100.28 | 101.51 | 103.11 | 104.34 | 105.94 |
| Fibonacci | 98.62 | 99.70 | 100.37 | 101.45 | 102.53 | 103.20 | 104.28 |
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): | 40.48 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -16.47 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 101.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 102.22 | |
| Elder Ray (13): | -0.28 | |
| Super Trend (3,10): | 102.40 | |
| Zig ZAG (10): | 101.38 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 57.69 | |
| TEMA (21): | 101.51 | |
| Williams %R (14): | -42.80 | |
| Chande Momentum Oscillator (20): | 0.68 | |
| Repulse (5,40,3): | -0.3400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.79 |
| MA7: | 101.95 | |
| MA20: | 100.49 | |
| MA50: | 99.19 | |
| MA100: | 98.10 | |
| MAexp7: | 101.60 | |
| MAexp20: | 101.79 | |
| MAexp50: | 102.02 | |
| MAexp100: | 102.01 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | +0.93% | |
| Price / MA50: | +2.25% | |
| Price / MA100: | +3.38% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -0.58% |
Quotes :
-
Real time data
-
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
-
AUD/JPY Forecast December 16, 2022
-
Risk event for the week: Long #AUDJPY
-
Trade of the Week: long AUD/JPY
-
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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