AUD/JPY - 1H - Technical analysis published on 06/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 103.62 JPY
My targets
104.00 JPY (+0.27)
104.17 JPY (+0.44)
My analysis
AUD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 103.62 JPY. The next resistance located at 104.00 JPY is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 104.17 JPY. After this resistance, buyers could then target 104.73 JPY.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.5
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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 price is 103.73 JPY. The price is lower by -0.04% since the last closing and was traded between 103.67 JPY and 103.85 JPY over the period. The price is currently at +0.06% from its lowest and -0.12% from its highest.103.67
103.85
103.73
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 an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
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
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 | 102.98 | 103.36 | 103.62 | 103.73 | 103.83 | 104.00 | 104.17 |
| Change (%) | -0.72% | -0.36% | -0.11% | - | +0.10% | +0.26% | +0.42% |
| Change | -0.75 | -0.37 | -0.11 | - | +0.10 | +0.27 | +0.44 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.56 | 102.82 | 103.30 | 103.56 | 104.04 | 104.30 | 104.78 |
| Camarilla | 103.57 | 103.63 | 103.70 | 103.77 | 103.84 | 103.91 | 103.97 |
| Woodie | 102.66 | 102.88 | 103.40 | 103.62 | 104.14 | 104.36 | 104.88 |
| Fibonacci | 102.82 | 103.11 | 103.28 | 103.56 | 103.85 | 104.02 | 104.30 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.06 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 6.53 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 103.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.61 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 103.44 | |
| Zig ZAG (10): | 103.79 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 89.36 | |
| TEMA (21): | 103.85 | |
| Williams %R (14): | -13.73 | |
| Chande Momentum Oscillator (20): | 0.29 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.65 |
| MA7: | 103.68 | |
| MA20: | 103.95 | |
| MA50: | 102.15 | |
| MA100: | 100.00 | |
| MAexp7: | 103.76 | |
| MAexp20: | 103.66 | |
| MAexp50: | 103.59 | |
| MAexp100: | 103.65 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | +1.55% | |
| Price / MA100: | +3.73% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.08% |
Quotes :
-
Real time data
-
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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