AUD/JPY - 1H - Technical analysis published on 06/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 104.25 JPY
My targets
104.66 JPY (+0.21)
104.86 JPY (+0.41)
My analysis
A bullish trend on AUD/JPY both in substance and in the short term. A purchase could be considered as long as the price remains above 104.25 JPY. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 104.66 JPY. Then the price could move towards 104.86 JPY. Then 105.04 JPY by extension. Be careful, a return below 104.25 JPY would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5.7
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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 is lower by -0.20% since the last closing with the lowest point at 104.00 JPY and the highest point at 104.73 JPY. The deviation from the price is +0.43% for the low point and -0.27% for the high point.104.00
104.73
104.45
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/JPY:
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 this 1H chart of AUD/JPY indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 103.62 | 103.83 | 104.25 | 104.45 | 104.66 | 104.86 | 105.04 |
| Change (%) | -0.79% | -0.59% | -0.19% | - | +0.20% | +0.39% | +0.56% |
| Change | -0.83 | -0.62 | -0.20 | - | +0.21 | +0.41 | +0.59 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.24 | 103.53 | 104.10 | 104.39 | 104.96 | 105.25 | 105.82 |
| Camarilla | 104.42 | 104.50 | 104.58 | 104.66 | 104.74 | 104.82 | 104.90 |
| Woodie | 103.37 | 103.60 | 104.23 | 104.46 | 105.09 | 105.32 | 105.95 |
| Fibonacci | 103.53 | 103.86 | 104.07 | 104.39 | 104.72 | 104.93 | 105.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.23 | 102.79 | 103.73 | 104.29 | 105.23 | 105.79 | 106.73 |
| Camarilla | 104.25 | 104.39 | 104.52 | 104.66 | 104.80 | 104.94 | 105.07 |
| Woodie | 102.41 | 102.89 | 103.91 | 104.39 | 105.41 | 105.89 | 106.91 |
| Fibonacci | 102.79 | 103.37 | 103.72 | 104.29 | 104.87 | 105.22 | 105.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.49 | 98.21 | 101.43 | 103.15 | 106.37 | 108.09 | 111.31 |
| Camarilla | 103.30 | 103.75 | 104.21 | 104.66 | 105.11 | 105.57 | 106.02 |
| Woodie | 97.25 | 98.59 | 102.19 | 103.53 | 107.13 | 108.47 | 112.07 |
| Fibonacci | 98.21 | 100.09 | 101.26 | 103.15 | 105.03 | 106.20 | 108.09 |
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): | 51.03 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -1.76 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 104.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.51 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 104.66 | |
| Zig ZAG (10): | 104.40 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 63.39 | |
| TEMA (21): | 104.28 | |
| Williams %R (14): | -34.43 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.26 |
| MA7: | 104.34 | |
| MA20: | 103.72 | |
| MA50: | 101.56 | |
| MA100: | 99.63 | |
| MAexp7: | 104.34 | |
| MAexp20: | 104.36 | |
| MAexp50: | 104.35 | |
| MAexp100: | 104.30 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | +2.85% | |
| Price / MA100: | +4.84% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.14% |
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
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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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