AUD/JPY - 1H - Technical analysis published on 05/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 104.25 JPY
My targets
105.04 JPY (+0.58)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/JPY as long as the price remains well above 104.25 JPY. The buyers' bullish objective is set at 105.04 JPY. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
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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 104.46 JPY. The price registered an increase of +0.40% on the session with the lowest point at 103.86 JPY and the highest point at 104.47 JPY. The deviation from the price is +0.58% for the low point and -0.01% for the high point.103.86
104.47
104.46
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/JPY:
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 this 1H chart of AUD/JPY indicates that the overall trend is strongly bullish. 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.
The probability of a further increase are moderate given the direction of the technical indicators.
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 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 104.10 | 104.25 | 104.44 | 104.46 | 105.04 |
| Change (%) | -0.34% | -0.20% | -0.02% | - | +0.56% |
| Change | -0.36 | -0.21 | -0.02 | - | +0.58 |
| Level | Minor | Intermediate | Major | - | Intermediate |
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 | 103.01 | 103.25 | 103.65 | 103.89 | 104.29 | 104.53 | 104.93 |
| Camarilla | 103.86 | 103.92 | 103.98 | 104.04 | 104.10 | 104.16 | 104.22 |
| Woodie | 103.08 | 103.29 | 103.72 | 103.93 | 104.36 | 104.57 | 105.00 |
| Fibonacci | 103.25 | 103.50 | 103.65 | 103.89 | 104.14 | 104.29 | 104.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.38 | 102.93 | 103.48 | 104.03 | 104.58 | 105.13 | 105.68 |
| Camarilla | 103.74 | 103.84 | 103.94 | 104.04 | 104.14 | 104.24 | 104.34 |
| Woodie | 102.39 | 102.93 | 103.49 | 104.03 | 104.59 | 105.13 | 105.69 |
| Fibonacci | 102.93 | 103.35 | 103.61 | 104.03 | 104.45 | 104.71 | 105.13 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.89 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 14.81 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 104.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.47 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 104.16 | |
| Zig ZAG (10): | 104.44 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 82.45 | |
| TEMA (21): | 104.49 | |
| Williams %R (14): | -10.34 | |
| Chande Momentum Oscillator (20): | 0.15 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.55 |
| MA7: | 104.08 | |
| MA20: | 103.02 | |
| MA50: | 101.03 | |
| MA100: | 99.26 | |
| MAexp7: | 104.41 | |
| MAexp20: | 104.30 | |
| MAexp50: | 104.14 | |
| MAexp100: | 104.04 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | +1.40% | |
| Price / MA50: | +3.40% | |
| Price / MA100: | +5.24% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.40% |
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
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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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