AUD/JPY - 1H - Technical analysis published on 05/08/2020 (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 bullish
De fond:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 69.26 JPY
My targets
69.88 JPY (+0.48)
70.17 JPY (+0.77)
My analysis
The bullish trend is currently very strong on AUD/JPY. As long as the price remains above the support at 69.26 JPY, you could try to benefit from the boom. The first bullish objective is located at 69.88 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 70.17 JPY as an objective. Crossing it would then enable buyers to target 72.99 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 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
7.1
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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 69.40 JPY. The price registered an increase of +0.36% on the session and was between 69.15 JPY and 69.61 JPY. This implies that the price is at +0.36% from its lowest and at -0.30% from its highest.69.15
69.61
69.40
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of AUD/JPY in 1H shows a strongly overall bullish trend. 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 scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 68.72 | 68.99 | 69.26 | 69.40 | 69.88 | 70.17 | 72.99 |
Change (%) | -0.98% | -0.59% | -0.20% | - | +0.69% | +1.11% | +5.17% |
Change | -0.68 | -0.41 | -0.14 | - | +0.48 | +0.77 | +3.59 |
Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 66.95 | 67.42 | 68.28 | 68.75 | 69.61 | 70.08 | 70.94 |
Camarilla | 68.78 | 68.91 | 69.03 | 69.15 | 69.27 | 69.39 | 69.52 |
Woodie | 67.16 | 67.52 | 68.49 | 68.85 | 69.82 | 70.18 | 71.15 |
Fibonacci | 67.42 | 67.93 | 68.24 | 68.75 | 69.26 | 69.57 | 70.08 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 66.36 | 67.43 | 68.03 | 69.10 | 69.70 | 70.77 | 71.37 |
Camarilla | 68.17 | 68.32 | 68.48 | 68.63 | 68.78 | 68.94 | 69.09 |
Woodie | 66.13 | 67.31 | 67.80 | 68.98 | 69.47 | 70.65 | 71.14 |
Fibonacci | 67.43 | 68.07 | 68.46 | 69.10 | 69.74 | 70.13 | 70.77 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 60.23 | 62.31 | 66.00 | 68.08 | 71.77 | 73.85 | 77.54 |
Camarilla | 68.09 | 68.62 | 69.15 | 69.68 | 70.21 | 70.74 | 71.27 |
Woodie | 61.03 | 62.71 | 66.80 | 68.48 | 72.57 | 74.25 | 78.34 |
Fibonacci | 62.31 | 64.52 | 65.88 | 68.08 | 70.29 | 71.65 | 73.85 |
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): | 66.03 | |
MACD (12,26,9): | 0.2400 | |
Directional Movement: | 15.62 | |
AROON (14): | 42.86 | |
DEMA (21): | 69.50 | |
Parabolic SAR (0,02-0,02-0,2): | 69.61 | |
Elder Ray (13): | 0.09 | |
Super Trend (3,10): | 69.00 | |
Zig ZAG (10): | 69.40 | |
VORTEX (21): | 1.1600 | |
Stochastique (14,3,5): | 73.24 | |
TEMA (21): | 69.59 | |
Williams %R (14): | -29.58 | |
Chande Momentum Oscillator (20): | 0.46 | |
Repulse (5,40,3): | -0.0300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0500 | |
Courbe Coppock: | 1.45 |
MA7: | 68.83 | |
MA20: | 68.72 | |
MA50: | 67.63 | |
MA100: | 71.04 | |
MAexp7: | 69.40 | |
MAexp20: | 69.17 | |
MAexp50: | 68.85 | |
MAexp100: | 68.77 | |
Price / MA7: | +0.83% | |
Price / MA20: | +0.99% | |
Price / MA50: | +2.62% | |
Price / MA100: | -2.31% | |
Price / MAexp7: | -0% | |
Price / MAexp20: | +0.33% | |
Price / MAexp50: | +0.80% | |
Price / MAexp100: | +0.92% |
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
- Coronavirus Impact on Japanese Yen Positioning: USD/JPY, AUD/JPY Analysis
- FOMC Sends AUD/USD, AUD/JPY, NZD/USD Lower as Long bets Accumulate
- 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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