AUD/JPY - 1H - Technical analysis published on 06/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 104.00 JPY
My targets
104.73 JPY (+0.14)
105.04 JPY (+0.45)
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 104.00 JPY. The next resistance located at 104.73 JPY is the next bullish objective 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 105.04 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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
8.4
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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 104.59 JPY. The price registered an increase of +0.11% on the session with the lowest point at 104.25 JPY and the highest point at 104.67 JPY. The deviation from the price is +0.33% for the low point and -0.08% for the high point.104.25
104.67
104.59
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 this 1H chart of AUD/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.
An assessment of technical indicators shows a strong bullish signal.
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 103.63 | 104.00 | 104.55 | 104.59 | 104.73 | 105.04 |
| Change (%) | -0.92% | -0.56% | -0.04% | - | +0.13% | +0.43% |
| Change | -0.96 | -0.59 | -0.04 | - | +0.14 | +0.45 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major |
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 | 103.05 | 103.37 | 103.92 | 104.24 | 104.79 | 105.11 | 105.66 |
| Camarilla | 104.24 | 104.32 | 104.40 | 104.48 | 104.56 | 104.64 | 104.72 |
| Woodie | 103.18 | 103.43 | 104.05 | 104.30 | 104.92 | 105.17 | 105.79 |
| Fibonacci | 103.37 | 103.70 | 103.90 | 104.24 | 104.57 | 104.77 | 105.11 |
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): | 64.12 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 8.17 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 104.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.07 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 104.00 | |
| Zig ZAG (10): | 104.65 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 58.54 | |
| TEMA (21): | 104.51 | |
| Williams %R (14): | -4.76 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.16 |
| MA7: | 103.92 | |
| MA20: | 104.05 | |
| MA50: | 102.35 | |
| MA100: | 100.15 | |
| MAexp7: | 104.46 | |
| MAexp20: | 104.36 | |
| MAexp50: | 104.15 | |
| MAexp100: | 103.98 | |
| Price / MA7: | +0.64% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +2.19% | |
| Price / MA100: | +4.43% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.59% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on AUD/JPY at the time of the analysis were as follows:
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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
-
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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