AUD/JPY - 1H - Technical analysis published on 05/29/2024 (GMT)
- 141
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 104.44 JPY
My targets
103.91 JPY (-0.26)
103.45 JPY (-0.72)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on 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. In case of crossing, the next objective would be the support located at 100.61 JPY.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/JPY rating 104.17 JPY. On the day, this instrument lost -0.36% and was traded between 104.12 JPY and 104.86 JPY over the period. The price is currently at +0.05% from its lowest and -0.66% from its highest.104.12
104.86
104.17
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
A technical analysis in 1H of this AUD/JPY chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
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
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 100.61 | 103.45 | 103.91 | 104.17 | 104.25 | 104.44 | 104.57 |
| Change (%) | -3.42% | -0.69% | -0.25% | - | +0.08% | +0.26% | +0.38% |
| Change | -3.56 | -0.72 | -0.26 | - | +0.08 | +0.27 | +0.40 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.45 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -12.74 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 104.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.14 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 104.56 | |
| Zig ZAG (10): | 104.18 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 16.38 | |
| TEMA (21): | 104.19 | |
| Williams %R (14): | -84.62 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.45 |
| MA7: | 104.10 | |
| MA20: | 103.26 | |
| MA50: | 101.24 | |
| MA100: | 99.41 | |
| MAexp7: | 104.25 | |
| MAexp20: | 104.34 | |
| MAexp50: | 104.37 | |
| MAexp100: | 104.28 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | +0.88% | |
| Price / MA50: | +2.89% | |
| Price / MA100: | +4.79% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.11% |
Quotes :
-
Real time data
-
Forex
News
Don't forget to follow the news on AUD/JPY. At the time of publication of this analysis, the latest news 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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis AUD/JPY - 1H