AUD/JPY - 1H - Technical analysis published on 05/29/2024 (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 bearish
Underlying:
Neutral
Technical indicators
28%
44%
28%
My opinion
Bearish under 104.44 JPY
My targets
103.91 JPY (-0.37)
103.45 JPY (-0.83)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for AUD/JPY as long as the price remains well below 104.44 JPY. The sellers' bearish objective is set at 103.91 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 103.45 JPY. If there is any crossing, the next objective would be the support located at 100.61 JPY.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.1
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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 104.28 JPY. The price registered a decrease of -0.26% on the session with the lowest point at 104.12 JPY and the highest point at 104.86 JPY. The deviation from the price is +0.15% for the low point and -0.55% for the high point.104.12
104.86
104.28
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/JPY indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 103.45 | 103.91 | 104.25 | 104.28 | 104.44 | 104.57 | 105.04 |
| Change (%) | -0.80% | -0.35% | -0.03% | - | +0.15% | +0.28% | +0.73% |
| Change | -0.83 | -0.37 | -0.03 | - | +0.16 | +0.29 | +0.76 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | 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 | 104.11 | 104.23 | 104.39 | 104.51 | 104.67 | 104.79 | 104.95 |
| Camarilla | 104.47 | 104.50 | 104.52 | 104.55 | 104.58 | 104.60 | 104.63 |
| Woodie | 104.13 | 104.24 | 104.41 | 104.52 | 104.69 | 104.80 | 104.97 |
| Fibonacci | 104.23 | 104.34 | 104.40 | 104.51 | 104.62 | 104.68 | 104.79 |
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): | 38.95 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -12.67 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 104.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.53 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 104.66 | |
| Zig ZAG (10): | 104.26 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 21.12 | |
| TEMA (21): | 104.27 | |
| Williams %R (14): | -77.05 | |
| Chande Momentum Oscillator (20): | -0.39 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.47 |
| MA7: | 104.11 | |
| MA20: | 103.26 | |
| MA50: | 101.24 | |
| MA100: | 99.41 | |
| MAexp7: | 104.31 | |
| MAexp20: | 104.41 | |
| MAexp50: | 104.40 | |
| MAexp100: | 104.28 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +0.99% | |
| Price / MA50: | +3.00% | |
| Price / MA100: | +4.90% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0% |
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
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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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