AUD/JPY - 1H - Technical analysis published on 06/04/2024 (GMT)
- 93
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 103.47 JPY
My targets
102.23 JPY (-0.56)
101.43 JPY (-1.36)
My analysis
The bearish trend is currently very strong for AUD/JPY. As long as the price remains below the resistance at 103.47 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 102.23 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 101.43 JPY as an objective. Crossing it would then enable sellers to target 100.61 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.3
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
The AUD/JPY price is 102.79 JPY. The price is lower by -1.56% since the last closing and was traded between 102.61 JPY and 104.63 JPY over the period. The price is currently at +0.18% from its lowest and -1.76% from its highest.102.61
104.63
102.79
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
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 strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly 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, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
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:
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 | 95.12 | 98.28 | 100.61 | 102.79 | 103.47 | 103.62 | 103.83 |
| Change (%) | -7.46% | -4.39% | -2.12% | - | +0.66% | +0.81% | +1.01% |
| Change | -7.67 | -4.51 | -2.18 | - | +0.68 | +0.83 | +1.04 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.31 | 103.65 | 104.04 | 104.38 | 104.77 | 105.11 | 105.50 |
| Camarilla | 104.22 | 104.29 | 104.35 | 104.42 | 104.49 | 104.55 | 104.62 |
| Woodie | 103.33 | 103.66 | 104.06 | 104.39 | 104.79 | 105.12 | 105.52 |
| Fibonacci | 103.65 | 103.93 | 104.10 | 104.38 | 104.66 | 104.83 | 105.11 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 27.14 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | -28.02 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 102.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.29 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 103.54 | |
| Zig ZAG (10): | 102.80 | |
| VORTEX (21): | 0.6800 | |
| Stochastique (14,3,5): | 11.16 | |
| TEMA (21): | 102.63 | |
| Williams %R (14): | -89.95 | |
| Chande Momentum Oscillator (20): | -1.37 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 2.92 |
| MA7: | 104.17 | |
| MA20: | 103.76 | |
| MA50: | 101.64 | |
| MA100: | 99.69 | |
| MAexp7: | 102.93 | |
| MAexp20: | 103.41 | |
| MAexp50: | 103.86 | |
| MAexp100: | 104.05 | |
| Price / MA7: | -1.32% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | +1.13% | |
| Price / MA100: | +3.11% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -1.21% |
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
-
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