AUD/JPY - 1H - Technical analysis published on 05/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
50%
39%
My opinion
Bullish above 70.17 JPY
My targets
71.00 JPY (+0.38)
71.20 JPY (+0.58)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/JPY. As long as you are above the support located at 70.17 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 71.00 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 71.20 JPY as an objective. Crossing it would then enable buyers to target 72.99 JPY. If the support 70.17 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
1.6
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This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/JPY rating 70.62 JPY. The price registered an increase of -0.42% on the session and was traded between 70.49 JPY and 70.94 JPY over the period. The price is currently at +0.18% from its lowest and -0.45% from its highest.70.49
70.94
70.62
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of AUD/JPY indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. 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 9 technical indicators out of 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 69.54 | 69.86 | 70.17 | 70.62 | 71.00 | 71.20 | 72.99 |
| Change (%) | -1.53% | -1.08% | -0.64% | - | +0.54% | +0.82% | +3.36% |
| Change | -1.08 | -0.76 | -0.45 | - | +0.38 | +0.58 | +2.37 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 69.68 | 69.97 | 70.45 | 70.74 | 71.22 | 71.51 | 71.99 |
| Camarilla | 70.71 | 70.78 | 70.85 | 70.92 | 70.99 | 71.06 | 71.13 |
| Woodie | 69.77 | 70.02 | 70.54 | 70.79 | 71.31 | 71.56 | 72.08 |
| Fibonacci | 69.97 | 70.27 | 70.45 | 70.74 | 71.04 | 71.22 | 71.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.46 | 67.51 | 68.09 | 69.14 | 69.72 | 70.77 | 71.35 |
| Camarilla | 68.23 | 68.38 | 68.53 | 68.68 | 68.83 | 68.98 | 69.13 |
| Woodie | 66.24 | 67.39 | 67.87 | 69.02 | 69.50 | 70.65 | 71.13 |
| Fibonacci | 67.51 | 68.13 | 68.51 | 69.14 | 69.76 | 70.14 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.23 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | -10.43 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 70.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 70.99 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 70.51 | |
| Zig ZAG (10): | 70.65 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 22.66 | |
| TEMA (21): | 70.78 | |
| Williams %R (14): | -78.18 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.12 |
| MA7: | 69.89 | |
| MA20: | 69.37 | |
| MA50: | 67.74 | |
| MA100: | 70.48 | |
| MAexp7: | 70.75 | |
| MAexp20: | 70.77 | |
| MAexp50: | 70.54 | |
| MAexp100: | 70.16 | |
| Price / MA7: | +1.04% | |
| Price / MA20: | +1.80% | |
| Price / MA50: | +4.25% | |
| Price / MA100: | +0.20% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.66% |
News
The last news published on AUD/JPY at the time of the generation of this analysis 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
-
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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