AUD/JPY - 1H - Technical analysis published on 06/10/2024 (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:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 103.62 JPY
My targets
104.00 JPY (+0.27)
104.42 JPY (+0.69)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/JPY as long as the price remains well above 103.62 JPY. The buyers' bullish objective is set at 104.00 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 104.42 JPY. If there is any crossing, the next objective would be the resistance located at 104.73 JPY.
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
5.4
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/JPY rating is 103.73 JPY. On the day, this instrument gained +0.56% with the lowest point at 103.09 JPY and the highest point at 103.76 JPY. The deviation from the price is +0.62% for the low point and -0.03% for the high point.103.09
103.76
103.73
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/JPY chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. 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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 resistance
Type : Bearish
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 102.61 | 102.98 | 103.62 | 103.73 | 104.00 | 104.42 | 104.73 |
| Change (%) | -1.08% | -0.72% | -0.11% | - | +0.26% | +0.67% | +0.96% |
| Change | -1.12 | -0.75 | -0.11 | - | +0.27 | +0.69 | +1.00 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.76 | 102.37 | 102.76 | 103.37 | 103.76 | 104.37 | 104.76 |
| Camarilla | 102.88 | 102.97 | 103.06 | 103.15 | 103.24 | 103.33 | 103.43 |
| Woodie | 101.65 | 102.32 | 102.65 | 103.32 | 103.65 | 104.32 | 104.65 |
| Fibonacci | 102.37 | 102.75 | 102.99 | 103.37 | 103.75 | 103.99 | 104.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.14 | 101.38 | 102.26 | 103.50 | 104.38 | 105.62 | 106.50 |
| Camarilla | 102.57 | 102.76 | 102.96 | 103.15 | 103.34 | 103.54 | 103.73 |
| Woodie | 99.97 | 101.29 | 102.09 | 103.41 | 104.21 | 105.53 | 106.33 |
| Fibonacci | 101.38 | 102.19 | 102.69 | 103.50 | 104.31 | 104.81 | 105.62 |
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): | 64.34 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 9.79 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 103.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.33 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 103.25 | |
| Zig ZAG (10): | 103.74 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 93.17 | |
| TEMA (21): | 103.64 | |
| Williams %R (14): | -6.12 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.38 |
| MA7: | 103.80 | |
| MA20: | 103.94 | |
| MA50: | 102.05 | |
| MA100: | 99.94 | |
| MAexp7: | 103.61 | |
| MAexp20: | 103.50 | |
| MAexp50: | 103.52 | |
| MAexp100: | 103.63 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -0.20% | |
| Price / MA50: | +1.65% | |
| Price / MA100: | +3.79% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.10% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on AUD/JPY at the time of the analysis were 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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