AUD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDJPY
ISIN:

AUD/JPY - 1H - Technical analysis published on 05/13/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

44%

My opinion

Bullish above 102.76 JPY

My targets

103.45 JPY (+0.25)

104.40 JPY (+1.20)

My analysis

The bullish trend is currently very strong on AUD/JPY. As long as the price remains above the support at 102.76 JPY, you could try to benefit from the boom. The first bullish objective is located at 103.45 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 104.40 JPY as an objective. Crossing it would then enable buyers to target 105.04 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AUD/JPY price is 103.20 JPY. The price registered an increase of +0.34% on the session and was traded between 102.61 JPY and 103.29 JPY over the period. The price is currently at +0.57% from its lowest and -0.09% from its highest.

102.61

103.29

103.20

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of AUD/JPY in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	100.61	102.06	102.76	103.20	103.45	105.04
Change (%)	-2.51%	-1.10%	-0.43%	-	+0.24%	+1.78%
Change	-2.59	-1.14	-0.44	-	+0.25	+1.84
Level	Major	Minor	Major	-	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	102.42	102.60	102.72	102.90	103.02	103.20	103.32
Camarilla	102.77	102.80	102.82	102.85	102.88	102.91	102.93
Woodie	102.40	102.59	102.70	102.89	103.00	103.19	103.30
Fibonacci	102.60	102.71	102.78	102.90	103.01	103.08	103.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	99.41	100.18	101.52	102.29	103.63	104.40	105.74
Camarilla	102.27	102.46	102.66	102.85	103.04	103.24	103.43
Woodie	99.69	100.32	101.80	102.43	103.91	104.54	106.02
Fibonacci	100.18	100.99	101.49	102.29	103.10	103.60	104.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.12	94.45	98.30	101.63	105.48	108.81	112.66
Camarilla	100.18	100.83	101.49	102.15	102.81	103.47	104.13
Woodie	91.38	94.58	98.56	101.76	105.74	108.94	112.92
Fibonacci	94.45	97.19	98.89	101.63	104.37	106.07	108.81

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):	66.57
MACD (12,26,9):	0.1000
Directional Movement:	4.15
AROON (14):	57.14
DEMA (21):	103.24
Parabolic SAR (0,02-0,02-0,2):	103.29
Elder Ray (13):	0.06
Super Trend (3,10):	102.92
Zig ZAG (10):	103.21
VORTEX (21):	1.2600
Stochastique (14,3,5):	81.08
TEMA (21):	103.27
Williams %R (14):	-21.88
Chande Momentum Oscillator (20):	0.19
Repulse (5,40,3):	0.0500
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.61

MA7:	102.34
MA20:	101.33
MA50:	99.77
MA100:	98.54
MAexp7:	103.21
MAexp20:	103.11
MAexp50:	102.94
MAexp100:	102.71
Price / MA7:	+0.84%
Price / MA20:	+1.85%
Price / MA50:	+3.44%
Price / MA100:	+4.73%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.25%
Price / MAexp100:	+0.48%

Quotes : - Real time data - Forex

News

The last news published on AUD/JPY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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