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 06/05/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
72%
6%
22%
My opinion
Bearish under 103.85 JPY
My targets
103.36 JPY (-0.27)
102.61 JPY (-1.02)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/JPY. As long as you are under the resistance located at 103.85 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 103.36 JPY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 102.61 JPY as an objective. Crossing it would then enable sellers to target 100.61 JPY. If the resistance 103.85 JPY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0

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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 103.63 JPY. The price has increased by +0.53% since the last closing and was traded between 103.05 JPY and 103.70 JPY over the period. The price is currently at +0.56% from its lowest and -0.07% from its highest.

103.05
103.70
103.63

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by AUD/JPY:
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 an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 102.61 103.36 103.62 103.63 103.85 104.13 104.63
Change (%) -0.98% -0.26% -0.01% - +0.21% +0.48% +0.96%
Change -1.02 -0.27 -0.01 - +0.22 +0.50 +1.00
Level Intermediate Minor Minor - 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
Standard100.23101.42102.25103.44104.27105.46106.29
Camarilla102.53102.71102.90103.08103.27103.45103.64
Woodie100.05101.33102.07103.35104.09105.37106.11
Fibonacci101.42102.19102.67103.44104.21104.69105.46


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard102.23102.79103.73104.29105.23105.79106.73
Camarilla104.25104.39104.52104.66104.80104.94105.07
Woodie102.41102.89103.91104.39105.41105.89106.91
Fibonacci102.79103.37103.72104.29104.87105.22105.79


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard96.4998.21101.43103.15106.37108.09111.31
Camarilla103.30103.75104.21104.66105.11105.57106.02
Woodie97.2598.59102.19103.53107.13108.47112.07
Fibonacci98.21100.09101.26103.15105.03106.20108.09

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): 59.66
MACD (12,26,9): -0.0200
Directional Movement: 7.09
AROON (14): 92.86
DEMA (21): 103.28
Parabolic SAR (0,02-0,02-0,2): 103.01
Elder Ray (13): 0.26
Super Trend (3,10): 103.12
Zig ZAG (10): 103.67
VORTEX (21): 1.1500
Stochastique (14,3,5): 96.41
TEMA (21): 103.47
Williams %R (14): -4.21
Chande Momentum Oscillator (20): 0.76
Repulse (5,40,3): 0.2100
ROCnROLL: -1
TRIX (15,9): -0.0200
Courbe Coppock: 1.20
MA7: 104.10
MA20: 103.85
MA50: 101.74
MA100: 99.76
MAexp7: 103.50
MAexp20: 103.39
MAexp50: 103.64
MAexp100: 103.87
Price / MA7: -0.45%
Price / MA20: -0.21%
Price / MA50: +1.86%
Price / MA100: +3.88%
Price / MAexp7: +0.13%
Price / MAexp20: +0.23%
Price / MAexp50: -0.01%
Price / MAexp100: -0.23%

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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