AUD/JPY - Daily - Technical analysis published on 08/04/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 74.28 JPY
My targets
76.43 JPY (+0.74)
79.97 JPY (+4.28)
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 74.28 JPY. The next resistance located at 76.43 JPY is the next bullish objective 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 79.97 JPY. After this resistance, buyers could then target 82.38 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/JPY price is 75.69 JPY. The price registered an increase of +0.31% on the session with the lowest point at 75.39 JPY and the highest point at 75.79 JPY. The deviation from the price is +0.40% for the low point and -0.13% for the high point.75.39
75.79
75.69
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/JPY in Daily 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 market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
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
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 67.84 | 72.99 | 74.28 | 75.69 | 76.43 | 82.38 | 87.06 |
| Change (%) | -10.37% | -3.57% | -1.86% | - | +0.98% | +8.84% | +15.02% |
| Change | -7.85 | -2.70 | -1.41 | - | +0.74 | +6.69 | +11.37 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Minor |
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 | 74.39 | 74.75 | 75.10 | 75.46 | 75.81 | 76.17 | 76.52 |
| Camarilla | 75.27 | 75.33 | 75.40 | 75.46 | 75.53 | 75.59 | 75.66 |
| Woodie | 74.40 | 74.75 | 75.11 | 75.46 | 75.82 | 76.17 | 76.53 |
| Fibonacci | 74.75 | 75.02 | 75.19 | 75.46 | 75.73 | 75.90 | 76.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.87 | 74.35 | 74.98 | 75.46 | 76.09 | 76.57 | 77.20 |
| Camarilla | 75.32 | 75.42 | 75.52 | 75.62 | 75.72 | 75.82 | 75.93 |
| Woodie | 73.96 | 74.39 | 75.07 | 75.50 | 76.18 | 76.61 | 77.29 |
| Fibonacci | 74.35 | 74.77 | 75.03 | 75.46 | 75.88 | 76.14 | 76.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.12 | 72.52 | 74.07 | 75.47 | 77.02 | 78.42 | 79.97 |
| Camarilla | 74.81 | 75.08 | 75.35 | 75.62 | 75.89 | 76.16 | 76.43 |
| Woodie | 71.20 | 72.56 | 74.15 | 75.51 | 77.10 | 78.46 | 80.05 |
| Fibonacci | 72.52 | 73.65 | 74.34 | 75.47 | 76.60 | 77.29 | 78.42 |
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): | 59.03 | |
| MACD (12,26,9): | 0.4000 | |
| Directional Movement: | 7.83 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 75.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.75 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 74.30 | |
| Zig ZAG (10): | 75.70 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 44.74 | |
| TEMA (21): | 75.64 | |
| Williams %R (14): | -54.34 | |
| Chande Momentum Oscillator (20): | 0.79 | |
| Repulse (5,40,3): | 0.7200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.94 |
| MA7: | 75.44 | |
| MA20: | 75.26 | |
| MA50: | 74.53 | |
| MA100: | 71.30 | |
| MAexp7: | 75.52 | |
| MAexp20: | 75.23 | |
| MAexp50: | 74.14 | |
| MAexp100: | 73.01 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +0.57% | |
| Price / MA50: | +1.56% | |
| Price / MA100: | +6.16% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.61% | |
| Price / MAexp50: | +2.09% | |
| Price / MAexp100: | +3.67% |
Quotes :
2020-08-04 19:45:14
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Real time data
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Forex
News
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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