AUD/JPY - 1H - Technical analysis published on 05/13/2024 (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 bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 102.76 JPY
My targets
103.45 JPY (+0.24)
104.40 JPY (+1.19)
My analysis
AUD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 102.76 JPY. The next resistance located at 103.45 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 104.40 JPY. After this resistance, buyers could then target 105.04 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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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 103.21 JPY. The price registered an increase of +0.35% on the session and was traded between 102.61 JPY and 103.29 JPY over the period. The price is currently at +0.58% from its lowest and -0.08% from its highest.102.61
103.29
103.21
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/JPY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 100.61 | 102.06 | 102.76 | 103.21 | 103.45 | 105.04 |
| Change (%) | -2.52% | -1.11% | -0.44% | - | +0.23% | +1.77% |
| Change | -2.60 | -1.15 | -0.45 | - | +0.24 | +1.83 |
| Level | Major | Minor | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 102.42 | 102.60 | 102.72 | 102.90 | 103.02 | 103.20 | 103.32 |
| Camarilla | 102.77 | 102.80 | 102.82 | 102.85 | 102.88 | 102.91 | 102.93 |
| Woodie | 102.40 | 102.59 | 102.70 | 102.89 | 103.00 | 103.19 | 103.30 |
| Fibonacci | 102.60 | 102.71 | 102.78 | 102.90 | 103.01 | 103.08 | 103.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 99.41 | 100.18 | 101.52 | 102.29 | 103.63 | 104.40 | 105.74 |
| Camarilla | 102.27 | 102.46 | 102.66 | 102.85 | 103.04 | 103.24 | 103.43 |
| Woodie | 99.69 | 100.32 | 101.80 | 102.43 | 103.91 | 104.54 | 106.02 |
| Fibonacci | 100.18 | 100.99 | 101.49 | 102.29 | 103.10 | 103.60 | 104.40 |
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): | 69.37 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 8.81 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 103.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.12 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 102.90 | |
| Zig ZAG (10): | 103.23 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 87.15 | |
| TEMA (21): | 103.26 | |
| Williams %R (14): | -14.29 | |
| Chande Momentum Oscillator (20): | 0.22 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.76 |
| MA7: | 102.34 | |
| MA20: | 101.33 | |
| MA50: | 99.77 | |
| MA100: | 98.54 | |
| MAexp7: | 103.20 | |
| MAexp20: | 103.09 | |
| MAexp50: | 102.92 | |
| MAexp100: | 102.69 | |
| Price / MA7: | +0.85% | |
| Price / MA20: | +1.86% | |
| Price / MA50: | +3.45% | |
| Price / MA100: | +4.74% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.51% |
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
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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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