AUD/JPY - 1H - Technical analysis published on 10/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 94.65 JPY
My targets
94.87 JPY (+0.12)
95.56 JPY (+0.81)
My analysis
The strong short-term increase in AUD/JPY calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 94.65 JPY, you could consider taking advantage of the short-term movement. The first bullish objective is located at 94.87 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 95.56 JPY as an objective. Crossing it would then enable buyers to target 95.83 JPY. Caution, a return under 94.65 JPY could jeopardize the reversal.
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
2.5
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This analysis was given by Majid. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/JPY rating 94.75 JPY. On the day, this instrument gained +0.64% with the lowest point at 94.04 JPY and the highest point at 94.78 JPY. The deviation from the price is +0.75% for the low point and -0.03% for the high point.94.04
94.78
94.75
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
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/JPY in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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 : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 94.05 | 94.45 | 94.65 | 94.75 | 94.87 | 95.56 | 95.83 |
| Change (%) | -0.74% | -0.32% | -0.11% | - | +0.13% | +0.85% | +1.14% |
| Change | -0.70 | -0.30 | -0.10 | - | +0.12 | +0.81 | +1.08 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 93.01 | 93.53 | 93.84 | 94.36 | 94.67 | 95.19 | 95.50 |
| Camarilla | 93.92 | 94.00 | 94.07 | 94.15 | 94.23 | 94.30 | 94.38 |
| Woodie | 92.91 | 93.48 | 93.74 | 94.31 | 94.57 | 95.14 | 95.40 |
| Fibonacci | 93.53 | 93.85 | 94.04 | 94.36 | 94.68 | 94.87 | 95.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.74 | 92.90 | 93.52 | 94.68 | 95.30 | 96.46 | 97.08 |
| Camarilla | 93.66 | 93.82 | 93.99 | 94.15 | 94.31 | 94.48 | 94.64 |
| Woodie | 91.48 | 92.77 | 93.26 | 94.55 | 95.04 | 96.33 | 96.82 |
| Fibonacci | 92.90 | 93.58 | 94.00 | 94.68 | 95.36 | 95.78 | 96.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90.80 | 92.20 | 94.14 | 95.54 | 97.48 | 98.88 | 100.82 |
| Camarilla | 95.17 | 95.48 | 95.78 | 96.09 | 96.40 | 96.70 | 97.01 |
| Woodie | 91.08 | 92.34 | 94.42 | 95.68 | 97.76 | 99.02 | 101.10 |
| Fibonacci | 92.20 | 93.47 | 94.26 | 95.54 | 96.81 | 97.60 | 98.88 |
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): | 60.50 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 7.62 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 94.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 94.48 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 94.30 | |
| Zig ZAG (10): | 94.75 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 93.59 | |
| TEMA (21): | 94.73 | |
| Williams %R (14): | -2.56 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.64 |
| MA7: | 95.05 | |
| MA20: | 95.13 | |
| MA50: | 94.55 | |
| MA100: | 94.62 | |
| MAexp7: | 94.65 | |
| MAexp20: | 94.55 | |
| MAexp50: | 94.63 | |
| MAexp100: | 94.80 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | +0.21% | |
| Price / MA100: | +0.14% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | -0.05% |
Quotes :
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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:
-
AUD/JPY Forecast January 6, 2023
-
AUD/JPY Forecast December 16, 2022
-
Risk event for the week: Long #AUDJPY
-
Trade of the Week: long AUD/JPY
-
Market Sentiment Webinar: Positive for USD, Bullish Signal on AUD/JPY
This member declared not having a position on this financial instrument or a related financial instrument.
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