AUD/JPY - 1H - Technical analysis published on 04/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 68.07 JPY
My targets
67.58 JPY (-0.22)
66.75 JPY (-1.05)
My analysis
The bearish trend is currently very strong for AUD/JPY. As long as the price remains below the resistance at 68.07 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 67.58 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 66.75 JPY as an objective. Crossing it would then enable sellers to target 66.62 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/JPY price is 67.80 JPY. On the day, this instrument lost -0.72% and was between 67.57 JPY and 68.34 JPY. This implies that the price is at +0.34% from its lowest and at -0.79% from its highest.67.57
68.34
67.80
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
Here is a more detailed summary of the historical variations registered by AUD/JPY:
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 bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 65.07 | 66.62 | 67.58 | 67.80 | 68.07 | 68.34 | 68.51 |
| Change (%) | -4.03% | -1.74% | -0.32% | - | +0.40% | +0.80% | +1.05% |
| Change | -2.73 | -1.18 | -0.22 | - | +0.27 | +0.54 | +0.71 |
| Level | Major | Minor | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.23 | 67.68 | 67.99 | 68.44 | 68.75 | 69.20 | 69.51 |
| Camarilla | 68.08 | 68.15 | 68.22 | 68.29 | 68.36 | 68.43 | 68.50 |
| Woodie | 67.15 | 67.65 | 67.91 | 68.41 | 68.67 | 69.17 | 69.43 |
| Fibonacci | 67.68 | 67.97 | 68.15 | 68.44 | 68.73 | 68.91 | 69.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.92 | 66.75 | 67.60 | 68.43 | 69.28 | 70.11 | 70.96 |
| Camarilla | 67.99 | 68.14 | 68.30 | 68.45 | 68.60 | 68.76 | 68.91 |
| Woodie | 65.93 | 66.76 | 67.61 | 68.44 | 69.29 | 70.12 | 70.97 |
| Fibonacci | 66.75 | 67.39 | 67.79 | 68.43 | 69.07 | 69.47 | 70.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.46 | 54.18 | 60.08 | 65.80 | 71.70 | 77.42 | 83.32 |
| Camarilla | 62.80 | 63.86 | 64.93 | 65.99 | 67.06 | 68.12 | 69.19 |
| Woodie | 48.56 | 54.23 | 60.18 | 65.85 | 71.80 | 77.47 | 83.42 |
| Fibonacci | 54.18 | 58.62 | 61.36 | 65.80 | 70.24 | 72.98 | 77.42 |
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): | 33.03 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -16.70 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 67.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.01 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 68.36 | |
| Zig ZAG (10): | 67.81 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 23.58 | |
| TEMA (21): | 67.74 | |
| Williams %R (14): | -77.36 | |
| Chande Momentum Oscillator (20): | -0.50 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.05 |
| MA7: | 68.41 | |
| MA20: | 67.24 | |
| MA50: | 68.75 | |
| MA100: | 71.82 | |
| MAexp7: | 67.87 | |
| MAexp20: | 68.10 | |
| MAexp50: | 68.26 | |
| MAexp100: | 68.29 | |
| Price / MA7: | -0.89% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | -1.38% | |
| Price / MA100: | -5.60% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | -0.67% | |
| Price / MAexp100: | -0.72% |
News
The latest news and videos published on AUD/JPY at the time of the analysis were as follows:
-
Australian Dollar Analysis: AUD/USD, AUD/JPY, ASX 200 as RBA Holds in April
-
Australian Dollar Trend Analysis: AUD/USD, AUD/JPY, AUD/NZD on Jobs Report
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Coronavirus Impact on Japanese Yen Positioning: USD/JPY, AUD/JPY Analysis
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FOMC Sends AUD/USD, AUD/JPY, NZD/USD Lower as Long bets Accumulate
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Australian Dollar Analysis: AUD/USD, AUD/JPY, AUD/NZD Rise on CPI Data
This member declared not having a position on this financial instrument or a related financial instrument.
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