AUD/JPY - Daily - Technical analysis published on 05/27/2020 (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
72.99 JPY (+1.70)
74.16 JPY (+2.87)
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 72.99 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 74.16 JPY. After this resistance, buyers could then target 75.39 JPY.
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
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 71.29 JPY. On the day, this instrument lost -0.20% and was between 71.22 JPY and 71.60 JPY. This implies that the price is at +0.10% from its lowest and at -0.43% from its highest.71.22
71.60
71.29
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/JPY in Daily shows an overall bullish trend. 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 currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
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 | 65.07 | 67.86 | 69.86 | 71.29 | 72.99 | 74.16 | 75.39 |
| Change (%) | -8.72% | -4.81% | -2.01% | - | +2.38% | +4.03% | +5.75% |
| Change | -6.22 | -3.43 | -1.43 | - | +1.70 | +2.87 | +4.10 |
| Level | Minor | Major | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.35 | 69.91 | 70.67 | 71.23 | 71.99 | 72.55 | 73.31 |
| Camarilla | 71.07 | 71.19 | 71.31 | 71.43 | 71.55 | 71.67 | 71.79 |
| Woodie | 69.45 | 69.96 | 70.77 | 71.28 | 72.09 | 72.60 | 73.41 |
| Fibonacci | 69.91 | 70.41 | 70.73 | 71.23 | 71.73 | 72.05 | 72.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.54 | 67.59 | 68.97 | 70.02 | 71.40 | 72.45 | 73.83 |
| Camarilla | 69.67 | 69.90 | 70.12 | 70.34 | 70.56 | 70.79 | 71.01 |
| Woodie | 66.70 | 67.67 | 69.13 | 70.10 | 71.56 | 72.53 | 73.99 |
| Fibonacci | 67.59 | 68.52 | 69.10 | 70.02 | 70.95 | 71.53 | 72.45 |
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): | 63.91 | |
| MACD (12,26,9): | 0.7000 | |
| Directional Movement: | 11.92 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 70.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.15 | |
| Elder Ray (13): | 1.10 | |
| Super Trend (3,10): | 68.83 | |
| Zig ZAG (10): | 71.37 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 87.60 | |
| TEMA (21): | 71.24 | |
| Williams %R (14): | -12.04 | |
| Chande Momentum Oscillator (20): | 1.63 | |
| Repulse (5,40,3): | 1.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 5.20 |
| MA7: | 70.83 | |
| MA20: | 69.70 | |
| MA50: | 68.25 | |
| MA100: | 70.32 | |
| MAexp7: | 70.77 | |
| MAexp20: | 69.92 | |
| MAexp50: | 69.41 | |
| MAexp100: | 70.16 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +2.28% | |
| Price / MA50: | +4.45% | |
| Price / MA100: | +1.38% | |
| Price / MAexp7: | +0.73% | |
| Price / MAexp20: | +1.96% | |
| Price / MAexp50: | +2.71% | |
| Price / MAexp100: | +1.61% |
Quotes :
2020-05-27 02:24:58
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Real time data
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Forex
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:
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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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