AUD/JPY - 1H - Technical analysis published on 06/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 103.62 JPY
My targets
104.00 JPY (+0.11)
104.17 JPY (+0.28)
My analysis
The basic bullish trend is very strong on AUD/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 103.62 JPY. Crossing the first resistance at 104.00 JPY would be a sign of a potential new surge in the price. 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. Caution, a return to below 103.62 JPY would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
6.6
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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 103.89 JPY. On the day, this instrument gained +0.12% with the lowest point at 103.53 JPY and the highest point at 103.95 JPY. The deviation from the price is +0.35% for the low point and -0.06% for the high point.103.53
103.95
103.89
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/JPY in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
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
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 103.89 | 104.00 | 104.17 | 104.73 |
| Change (%) | -0.51% | -0.26% | -0.06% | - | +0.11% | +0.27% | +0.81% |
| Change | -0.53 | -0.27 | -0.06 | - | +0.11 | +0.28 | +0.84 |
| 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.22 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 3.85 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 103.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.54 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 103.51 | |
| Zig ZAG (10): | 103.83 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 64.29 | |
| TEMA (21): | 103.76 | |
| Williams %R (14): | -26.19 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.08 |
| MA7: | 103.70 | |
| MA20: | 103.95 | |
| MA50: | 102.15 | |
| MA100: | 100.00 | |
| MAexp7: | 103.76 | |
| MAexp20: | 103.72 | |
| MAexp50: | 103.66 | |
| MAexp100: | 103.67 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | +1.70% | |
| Price / MA100: | +3.89% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.21% |
Quotes :
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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
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Risk event for the week: Long #AUDJPY
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Trade of the Week: long AUD/JPY
-
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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