AUD/JPY - 1H - Technical analysis published on 06/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 103.47 JPY
My targets
102.23 JPY (-0.74)
101.43 JPY (-1.54)
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 not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/JPY rating 102.97 JPY. The price registered a decrease of -1.39% on the session with the lowest point at 102.61 JPY and the highest point at 104.63 JPY. The deviation from the price is +0.35% for the low point and -1.59% for the high point.102.61
104.63
102.97
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 95.12 | 98.28 | 100.61 | 102.97 | 103.47 | 103.62 | 103.83 |
| Change (%) | -7.62% | -4.55% | -2.29% | - | +0.49% | +0.63% | +0.84% |
| Change | -7.85 | -4.69 | -2.36 | - | +0.50 | +0.65 | +0.86 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.59 | |
| MACD (12,26,9): | -0.3500 | |
| Directional Movement: | -18.78 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 102.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.02 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 103.54 | |
| Zig ZAG (10): | 102.96 | |
| VORTEX (21): | 0.7000 | |
| Stochastique (14,3,5): | 28.22 | |
| TEMA (21): | 102.65 | |
| Williams %R (14): | -63.04 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.84 |
| MA7: | 104.19 | |
| MA20: | 103.77 | |
| MA50: | 101.64 | |
| MA100: | 99.69 | |
| MAexp7: | 102.94 | |
| MAexp20: | 103.25 | |
| MAexp50: | 103.72 | |
| MAexp100: | 103.96 | |
| Price / MA7: | -1.17% | |
| Price / MA20: | -0.77% | |
| Price / MA50: | +1.31% | |
| Price / MA100: | +3.29% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.72% | |
| Price / MAexp100: | -0.95% |
Quotes :
-
Real time data
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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
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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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