AUD/JPY - 1H - Technical analysis published on 05/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 103.45 JPY
My targets
104.40 JPY (+0.78)
105.04 JPY (+1.42)
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 103.45 JPY. The buyers' bullish objective is set at 104.40 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 105.04 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.9
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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 103.62 JPY. On the day, this instrument gained +0.32% with the lowest point at 103.10 JPY and the highest point at 103.72 JPY. The deviation from the price is +0.50% for the low point and -0.10% for the high point.103.10
103.72
103.62
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
Technical analysis of this 1H chart of AUD/JPY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 101.58 | 102.47 | 103.45 | 103.62 | 105.04 |
Change (%) | -1.97% | -1.11% | -0.16% | - | +1.37% |
Change | -2.04 | -1.15 | -0.17 | - | +1.42 |
Level | Minor | Minor | Major | - | Intermediate |
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 | 102.14 | 102.38 | 102.83 | 103.07 | 103.52 | 103.76 | 104.21 |
Camarilla | 103.10 | 103.16 | 103.23 | 103.29 | 103.35 | 103.42 | 103.48 |
Woodie | 102.26 | 102.43 | 102.95 | 103.12 | 103.64 | 103.81 | 104.33 |
Fibonacci | 102.38 | 102.64 | 102.80 | 103.07 | 103.33 | 103.49 | 103.76 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 99.41 | 100.18 | 101.52 | 102.29 | 103.63 | 104.40 | 105.74 |
Camarilla | 102.27 | 102.46 | 102.66 | 102.85 | 103.04 | 103.24 | 103.43 |
Woodie | 99.69 | 100.32 | 101.80 | 102.43 | 103.91 | 104.54 | 106.02 |
Fibonacci | 100.18 | 100.99 | 101.49 | 102.29 | 103.10 | 103.60 | 104.40 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 91.12 | 94.45 | 98.30 | 101.63 | 105.48 | 108.81 | 112.66 |
Camarilla | 100.18 | 100.83 | 101.49 | 102.15 | 102.81 | 103.47 | 104.13 |
Woodie | 91.38 | 94.58 | 98.56 | 101.76 | 105.74 | 108.94 | 112.92 |
Fibonacci | 94.45 | 97.19 | 98.89 | 101.63 | 104.37 | 106.07 | 108.81 |
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): | 67.81 | |
MACD (12,26,9): | 0.1300 | |
Directional Movement: | -1.72 | |
AROON (14): | 50.00 | |
DEMA (21): | 103.67 | |
Parabolic SAR (0,02-0,02-0,2): | 103.19 | |
Elder Ray (13): | 0.06 | |
Super Trend (3,10): | 103.28 | |
Zig ZAG (10): | 103.64 | |
VORTEX (21): | 1.1300 | |
Stochastique (14,3,5): | 90.32 | |
TEMA (21): | 103.69 | |
Williams %R (14): | -12.90 | |
Chande Momentum Oscillator (20): | 0.27 | |
Repulse (5,40,3): | 0.0400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 0.61 |
MA7: | 102.70 | |
MA20: | 101.56 | |
MA50: | 99.89 | |
MA100: | 98.61 | |
MAexp7: | 103.62 | |
MAexp20: | 103.50 | |
MAexp50: | 103.27 | |
MAexp100: | 102.98 | |
Price / MA7: | +0.90% | |
Price / MA20: | +2.03% | |
Price / MA50: | +3.73% | |
Price / MA100: | +5.08% | |
Price / MAexp7: | -0% | |
Price / MAexp20: | +0.12% | |
Price / MAexp50: | +0.34% | |
Price / MAexp100: | +0.62% |
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
- 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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