AUD/JPY - 1H - Technical analysis published on 04/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 99.64 JPY
My targets
98.90 JPY (-0.41)
98.73 JPY (-0.58)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/JPY as long as the price remains well below 99.64 JPY. The next bearish objective for sellers is set at 98.90 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 98.73 JPY. If there is any crossing, the next objective would be the support located at 98.28 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.1
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/JPY rating is 99.31 JPY. On the day, this instrument gained +0.24% with the lowest point at 98.90 JPY and the highest point at 100.02 JPY. The deviation from the price is +0.41% for the low point and -0.71% for the high point.98.90
100.02
99.31
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/JPY indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 98.28 | 98.73 | 98.90 | 99.31 | 99.39 | 99.64 | 99.83 |
Change (%) | -1.04% | -0.58% | -0.41% | - | +0.08% | +0.33% | +0.52% |
Change | -1.03 | -0.58 | -0.41 | - | +0.08 | +0.33 | +0.52 |
Level | Major | Intermediate | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 96.98 | 97.86 | 98.46 | 99.34 | 99.94 | 100.82 | 101.42 |
Camarilla | 98.66 | 98.80 | 98.93 | 99.07 | 99.21 | 99.34 | 99.48 |
Woodie | 96.85 | 97.79 | 98.33 | 99.27 | 99.81 | 100.75 | 101.29 |
Fibonacci | 97.86 | 98.42 | 98.77 | 99.34 | 99.90 | 100.25 | 100.82 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 96.18 | 97.46 | 98.26 | 99.54 | 100.34 | 101.62 | 102.42 |
Camarilla | 98.50 | 98.69 | 98.88 | 99.07 | 99.26 | 99.45 | 99.64 |
Woodie | 95.95 | 97.34 | 98.03 | 99.42 | 100.11 | 101.50 | 102.19 |
Fibonacci | 97.46 | 98.25 | 98.74 | 99.54 | 100.33 | 100.82 | 101.62 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 93.62 | 95.26 | 96.91 | 98.55 | 100.20 | 101.84 | 103.49 |
Camarilla | 97.66 | 97.96 | 98.26 | 98.56 | 98.86 | 99.16 | 99.47 |
Woodie | 93.63 | 95.26 | 96.92 | 98.55 | 100.21 | 101.84 | 103.50 |
Fibonacci | 95.26 | 96.52 | 97.29 | 98.55 | 99.81 | 100.58 | 101.84 |
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): | 40.05 | |
MACD (12,26,9): | -0.0100 | |
Directional Movement: | -8.09 | |
AROON (14): | -35.72 | |
DEMA (21): | 99.58 | |
Parabolic SAR (0,02-0,02-0,2): | 99.93 | |
Elder Ray (13): | -0.23 | |
Super Trend (3,10): | 99.90 | |
Zig ZAG (10): | 99.34 | |
VORTEX (21): | 1.0800 | |
Stochastique (14,3,5): | 5.78 | |
TEMA (21): | 99.59 | |
Williams %R (14): | -98.59 | |
Chande Momentum Oscillator (20): | -0.46 | |
Repulse (5,40,3): | -0.2500 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 0.16 |
MA7: | 99.82 | |
MA20: | 99.26 | |
MA50: | 98.37 | |
MA100: | 97.59 | |
MAexp7: | 99.51 | |
MAexp20: | 99.58 | |
MAexp50: | 99.62 | |
MAexp100: | 99.71 | |
Price / MA7: | -0.51% | |
Price / MA20: | +0.05% | |
Price / MA50: | +0.96% | |
Price / MA100: | +1.76% | |
Price / MAexp7: | -0.20% | |
Price / MAexp20: | -0.27% | |
Price / MAexp50: | -0.31% | |
Price / MAexp100: | -0.40% |
Quotes :
-
Real time data
-
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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