AUD/JPY - 1H - Technical analysis published on 05/28/2024 (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
50%
0%
50%
My opinion
Bullish above 104.25 JPY
My targets
105.04 JPY (+0.59)
My analysis
The bullish trend is currently very strong on AUD/JPY. As long as the price remains above the support at 104.25 JPY, you could try to benefit from the boom. The first bullish objective is located at 105.04 JPY. The bullish momentum would be boosted by a break in this resistance. 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.
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
7.7
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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 104.45 JPY. The price registered an increase of +0.06% on the session with the lowest point at 104.35 JPY and the highest point at 104.50 JPY. The deviation from the price is +0.10% for the low point and -0.05% for the high point.104.35
104.50
104.45
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. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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 | 103.91 | 104.25 | 104.44 | 104.45 | 105.04 |
| Change (%) | -0.52% | -0.19% | -0.01% | - | +0.56% |
| Change | -0.54 | -0.20 | -0.01 | - | +0.59 |
| Level | Intermediate | Minor | Intermediate | - | Major |
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 | 103.39 | 103.62 | 104.01 | 104.24 | 104.63 | 104.86 | 105.25 |
| Camarilla | 104.22 | 104.28 | 104.33 | 104.39 | 104.45 | 104.50 | 104.56 |
| Woodie | 103.46 | 103.66 | 104.08 | 104.28 | 104.70 | 104.90 | 105.32 |
| Fibonacci | 103.62 | 103.86 | 104.01 | 104.24 | 104.48 | 104.63 | 104.86 |
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 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): | 66.52 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 11.95 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 104.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.35 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 104.16 | |
| Zig ZAG (10): | 104.49 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 79.03 | |
| TEMA (21): | 104.49 | |
| Williams %R (14): | -9.38 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.36 |
| MA7: | 104.11 | |
| MA20: | 103.13 | |
| MA50: | 101.14 | |
| MA100: | 99.34 | |
| MAexp7: | 104.42 | |
| MAexp20: | 104.33 | |
| MAexp50: | 104.17 | |
| MAexp100: | 104.07 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +1.28% | |
| Price / MA50: | +3.27% | |
| Price / MA100: | +5.14% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.37% |
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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