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
50%
6%
44%
My opinion
Bullish above 102.76 JPY
My targets
103.45 JPY (+0.25)
104.40 JPY (+1.20)
My analysis
The bullish trend is currently very strong on AUD/JPY. As long as the price remains above the support at 102.76 JPY, you could try to benefit from the boom. The first bullish objective is located at 103.45 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 104.40 JPY as an objective. Crossing it would then enable buyers to target 105.04 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.5
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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 103.20 JPY. The price registered an increase of +0.34% on the session and was traded between 102.61 JPY and 103.29 JPY over the period. The price is currently at +0.57% from its lowest and -0.09% from its highest.102.61
103.29
103.20
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of AUD/JPY in 1H shows a strongly overall 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 market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 100.61 | 102.06 | 102.76 | 103.20 | 103.45 | 105.04 |
| Change (%) | -2.51% | -1.10% | -0.43% | - | +0.24% | +1.78% |
| Change | -2.59 | -1.14 | -0.44 | - | +0.25 | +1.84 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.57 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 4.15 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 103.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.29 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 102.92 | |
| Zig ZAG (10): | 103.21 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 81.08 | |
| TEMA (21): | 103.27 | |
| Williams %R (14): | -21.88 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.61 |
| MA7: | 102.34 | |
| MA20: | 101.33 | |
| MA50: | 99.77 | |
| MA100: | 98.54 | |
| MAexp7: | 103.21 | |
| MAexp20: | 103.11 | |
| MAexp50: | 102.94 | |
| MAexp100: | 102.71 | |
| Price / MA7: | +0.84% | |
| Price / MA20: | +1.85% | |
| Price / MA50: | +3.44% | |
| Price / MA100: | +4.73% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.48% |
Quotes :
-
Real time data
-
Forex
News
The last news published on AUD/JPY at the time of the generation of this analysis 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
-
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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