AUD/JPY - 1H - Technical analysis published on 05/11/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 69.61 JPY
My targets
69.88 JPY (+0.18)
70.17 JPY (+0.47)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 69.61 JPY remains possible. It is advisable to trade AUD/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 69.61 JPY. The next bullish objective for buyers is set at 69.88 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 70.17 JPY. If there is any crossing, the next objective would be the resistance located at 72.99 JPY. PS: if there is a bearish break in the support located at 69.61 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
3.4
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/JPY rating is 69.70 JPY. On the day, this instrument gained +0.01% with the lowest point at 69.38 JPY and the highest point at 70.18 JPY. The deviation from the price is +0.46% for the low point and -0.68% for the high point.69.38
70.18
69.70
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/JPY chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 67.80 | 68.99 | 69.61 | 69.70 | 69.88 | 70.17 | 72.99 |
| Change (%) | -2.73% | -1.02% | -0.13% | - | +0.26% | +0.67% | +4.72% |
| Change | -1.90 | -0.71 | -0.09 | - | +0.18 | +0.47 | +3.29 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 68.74 | 68.94 | 69.32 | 69.52 | 69.90 | 70.10 | 70.48 |
| Camarilla | 69.53 | 69.58 | 69.64 | 69.69 | 69.74 | 69.80 | 69.85 |
| Woodie | 68.82 | 68.99 | 69.40 | 69.57 | 69.98 | 70.15 | 70.56 |
| Fibonacci | 68.94 | 69.17 | 69.30 | 69.52 | 69.75 | 69.88 | 70.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.20 | 66.92 | 68.30 | 69.02 | 70.40 | 71.12 | 72.50 |
| Camarilla | 69.11 | 69.31 | 69.50 | 69.69 | 69.88 | 70.08 | 70.27 |
| Woodie | 66.54 | 67.09 | 68.64 | 69.19 | 70.74 | 71.29 | 72.84 |
| Fibonacci | 66.92 | 67.72 | 68.21 | 69.02 | 69.82 | 70.31 | 71.12 |
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): | 49.68 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | -4.86 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 69.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.52 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 70.05 | |
| Zig ZAG (10): | 69.76 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 70.88 | |
| TEMA (21): | 69.80 | |
| Williams %R (14): | -39.34 | |
| Chande Momentum Oscillator (20): | 0.33 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.05 |
| MA7: | 68.87 | |
| MA20: | 68.78 | |
| MA50: | 67.61 | |
| MA100: | 70.98 | |
| MAexp7: | 69.80 | |
| MAexp20: | 69.79 | |
| MAexp50: | 69.59 | |
| MAexp100: | 69.32 | |
| Price / MA7: | +1.21% | |
| Price / MA20: | +1.34% | |
| Price / MA50: | +3.09% | |
| Price / MA100: | -1.80% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.55% |
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:
-
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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