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
44%
17%
39%
My opinion
Bullish above 104.25 JPY
My targets
105.04 JPY (+0.56)
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
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
AUD/JPY rating 104.48 JPY. The price has increased by +0.09% since the last closing and was between 104.35 JPY and 104.57 JPY. This implies that the price is at +0.12% from its lowest and at -0.09% from its highest.104.35
104.57
104.48
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
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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight 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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 103.91 | 104.25 | 104.44 | 104.48 | 105.04 |
| Change (%) | -0.55% | -0.22% | -0.04% | - | +0.54% |
| Change | -0.57 | -0.23 | -0.04 | - | +0.56 |
| 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): | 59.26 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 6.73 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 104.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.57 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 104.23 | |
| Zig ZAG (10): | 104.48 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 104.54 | |
| Williams %R (14): | -34.78 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.16 |
| MA7: | 104.11 | |
| MA20: | 103.13 | |
| MA50: | 101.14 | |
| MA100: | 99.34 | |
| MAexp7: | 104.49 | |
| MAexp20: | 104.42 | |
| MAexp50: | 104.26 | |
| MAexp100: | 104.13 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +1.31% | |
| Price / MA50: | +3.30% | |
| Price / MA100: | +5.17% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.35% |
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
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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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