AUD/JPY
AUD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: AUDJPY
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AUD/JPY - 1H - Technical analysis published on 05/30/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 103.64 JPY
My targets
102.38 JPY (-1.07)
101.63 JPY (-1.82)
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 103.64 JPY. The sellers' bearish objective is set at 102.38 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 101.63 JPY. In case of crossing, the next objective would be the support located at 100.61 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5

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:
15 min. Daily Weekly

Additional analysis

Quotes

AUD/JPY rating 103.45 JPY. On the day, this instrument lost -0.77% and was between 103.37 JPY and 104.25 JPY. This implies that the price is at +0.08% from its lowest and at -0.77% from its highest.

103.37
104.25
103.45

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 AUD/JPY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong 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:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour



The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

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:

Central Patterns

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


S3S2S1R1PriceR2R3
ProTrendLines 95.12 98.28 100.61 103.45 103.45 103.64 103.91
Change (%) -8.05% -5.00% -2.75% 0% - +0.18% +0.44%
Change -8.33 -5.17 -2.84 0 - +0.19 +0.46
Level Minor Major Intermediate Intermediate - Minor 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
Standard103.22103.67103.96104.41104.70105.15105.44
Camarilla104.05104.11104.18104.25104.32104.39104.45
Woodie103.14103.63103.88104.37104.62105.11105.36
Fibonacci103.67103.95104.13104.41104.69104.87105.15


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard102.38102.93103.48104.03104.58105.13105.68
Camarilla103.74103.84103.94104.04104.14104.24104.34
Woodie102.39102.93103.49104.03104.59105.13105.69
Fibonacci102.93103.35103.61104.03104.45104.71105.13


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard91.1294.4598.30101.63105.48108.81112.66
Camarilla100.18100.83101.49102.15102.81103.47104.13
Woodie91.3894.5898.56101.76105.74108.94112.92
Fibonacci94.4597.1998.89101.63104.37106.07108.81

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): 20.27
MACD (12,26,9): -0.2000
Directional Movement: -32.91
AROON (14): -85.71
DEMA (21): 103.83
Parabolic SAR (0,02-0,02-0,2): 104.25
Elder Ray (13): -0.48
Super Trend (3,10): 104.02
Zig ZAG (10): 103.39
VORTEX (21): 0.7000
Stochastique (14,3,5): 4.95
TEMA (21): 103.68
Williams %R (14): -96.15
Chande Momentum Oscillator (20): -0.90
Repulse (5,40,3): -0.5600
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 0.95
MA7: 104.00
MA20: 103.40
MA50: 101.32
MA100: 99.47
MAexp7: 103.78
MAexp20: 104.06
MAexp50: 104.23
MAexp100: 104.22
Price / MA7: -0.53%
Price / MA20: +0.05%
Price / MA50: +2.10%
Price / MA100: +4.00%
Price / MAexp7: -0.33%
Price / MAexp20: -0.60%
Price / MAexp50: -0.76%
Price / MAexp100: -0.75%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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