AUD/JPY - 1H - Technical analysis published on 06/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
33%
22%
44%
My opinion
Bullish above 103.62 JPY
My targets
104.01 JPY (+0.20)
104.38 JPY (+0.57)
My analysis
The current short-term bullish acceleration on AUD/JPY should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 103.62 JPY. Short-term buyers will use the resistance located at 104.01 JPY as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 104.38 JPY. Crossing this resistance would then open the door for buyers to target 104.63 JPY. Caution, if there is a return to under 103.62 JPY, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.1
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Additional analysis
Quotes
The AUD/JPY price is 103.81 JPY. On the day, this instrument gained +0.05% with the lowest point at 103.63 JPY and the highest point at 103.99 JPY. The deviation from the price is +0.17% for the low point and -0.17% for the high point.103.63
103.99
103.81
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 AUD/JPY in 1H shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 103.10 | 103.36 | 103.62 | 103.81 | 104.01 | 104.38 | 104.63 |
| Change (%) | -0.68% | -0.43% | -0.18% | - | +0.19% | +0.55% | +0.79% |
| Change | -0.71 | -0.45 | -0.19 | - | +0.20 | +0.57 | +0.82 |
| Level | Minor | Major | Major | - | 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 | 102.24 | 102.65 | 103.20 | 103.61 | 104.16 | 104.57 | 105.12 |
| Camarilla | 103.50 | 103.58 | 103.67 | 103.76 | 103.85 | 103.94 | 104.02 |
| Woodie | 102.32 | 102.69 | 103.28 | 103.65 | 104.24 | 104.61 | 105.20 |
| Fibonacci | 102.65 | 103.01 | 103.24 | 103.61 | 103.97 | 104.20 | 104.57 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.41 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -0.14 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 103.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.98 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 103.43 | |
| Zig ZAG (10): | 103.82 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 31.98 | |
| TEMA (21): | 103.80 | |
| Williams %R (14): | -52.78 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.00 |
| MA7: | 104.01 | |
| MA20: | 103.91 | |
| MA50: | 101.85 | |
| MA100: | 99.82 | |
| MAexp7: | 103.77 | |
| MAexp20: | 103.76 | |
| MAexp50: | 103.74 | |
| MAexp100: | 103.82 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.10% | |
| Price / MA50: | +1.92% | |
| Price / MA100: | +4.00% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | -0.01% |
Quotes :
-
Real time data
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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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