AUD/JPY - Daily - Technical analysis published on 05/21/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 69.86 JPY
My targets
71.20 JPY (+0.60)
72.99 JPY (+2.39)
My analysis
AUD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 69.86 JPY. The next resistance located at 71.20 JPY is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 72.99 JPY. After this resistance, buyers could then target 74.16 JPY.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.1
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This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/JPY price is 70.60 JPY. On the day, this instrument gained -0.45% and was traded between 70.49 JPY and 70.94 JPY over the period. The price is currently at +0.16% from its lowest and -0.48% from its highest.70.49
70.94
70.60
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of AUD/JPY indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
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 | 67.86 | 69.86 | 70.60 | 71.20 | 72.99 | 74.16 |
| Change (%) | -7.83% | -3.88% | -1.05% | - | +0.85% | +3.39% | +5.04% |
| Change | -5.53 | -2.74 | -0.74 | - | +0.60 | +2.39 | +3.56 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.39 | |
| MACD (12,26,9): | 0.5600 | |
| Directional Movement: | 8.08 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 70.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.22 | |
| Elder Ray (13): | 1.00 | |
| Super Trend (3,10): | 67.96 | |
| Zig ZAG (10): | 70.61 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 90.51 | |
| TEMA (21): | 70.52 | |
| Williams %R (14): | -12.61 | |
| Chande Momentum Oscillator (20): | 2.13 | |
| Repulse (5,40,3): | 0.9200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 3.20 |
| MA7: | 69.89 | |
| MA20: | 69.37 | |
| MA50: | 67.74 | |
| MA100: | 70.48 | |
| MAexp7: | 70.11 | |
| MAexp20: | 69.40 | |
| MAexp50: | 69.14 | |
| MAexp100: | 70.09 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | +1.77% | |
| Price / MA50: | +4.22% | |
| Price / MA100: | +0.17% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | +1.73% | |
| Price / MAexp50: | +2.11% | |
| Price / MAexp100: | +0.73% |
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
-
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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