AUD/JPY - 1H - Technical analysis published on 06/11/2024 (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
44%
11%
44%
My opinion
Bullish above 103.62 JPY
My targets
104.00 JPY (+0.16)
104.17 JPY (+0.33)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on AUD/JPY. This is a positive signal for buyers. As long as the price remains above 103.62 JPY, a purchase could be considered. The first bullish objective is located at 104.00 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 104.17 JPY as an objective. Crossing it would then enable buyers to target 104.73 JPY. In the event of a return below 103.62 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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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 103.84 JPY. The price has increased by +0.07% since the last closing and was between 103.63 JPY and 103.85 JPY. This implies that the price is at +0.20% from its lowest and at -0.01% from its highest.103.63
103.85
103.84
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
A technical analysis in 1H of this AUD/JPY chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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 a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 103.36 | 103.62 | 103.83 | 103.84 | 104.00 | 104.17 | 104.73 |
| Change (%) | -0.46% | -0.21% | -0.01% | - | +0.15% | +0.32% | +0.86% |
| Change | -0.48 | -0.22 | -0.01 | - | +0.16 | +0.33 | +0.89 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
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 | 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): | 62.82 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 7.01 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 103.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.84 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 103.44 | |
| Zig ZAG (10): | 103.80 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 73.28 | |
| TEMA (21): | 103.84 | |
| Williams %R (14): | -22.73 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.39 |
| MA7: | 103.68 | |
| MA20: | 103.95 | |
| MA50: | 102.15 | |
| MA100: | 100.00 | |
| MAexp7: | 103.76 | |
| MAexp20: | 103.69 | |
| MAexp50: | 103.62 | |
| MAexp100: | 103.66 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | +1.65% | |
| Price / MA100: | +3.84% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.17% |
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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