AUD/JPY - Daily - Technical analysis published on 03/17/2020 (GMT)
- Who voted?
- 225
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 66.30 JPY
My targets
63.22 JPY (-1.27)
61.93 JPY (-2.56)
My analysis
AUD/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 66.30 JPY. The next support located at 63.22 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 61.93 JPY. Below this support, sellers could then target 59.50 JPY. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
8
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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/JPY price is 64.49 JPY. The price registered a decrease of -0.51% on the session and was between 63.92 JPY and 65.83 JPY. This implies that the price is at +0.89% from its lowest and at -2.04% from its highest.63.92
65.83
64.49
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/JPY:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on AUD/JPY were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of AUD/JPY in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 56.35 | 64.49 | 71.17 | 72.47 | 72.99 |
| Change (%) | -12.62% | - | +10.36% | +12.37% | +13.18% |
| Change | -8.14 | - | +6.68 | +7.98 | +8.50 |
| Level | Intermediate | - | Major | Minor | Intermediate |
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 | 60.15 | 62.11 | 63.46 | 65.42 | 66.77 | 68.73 | 70.08 |
| Camarilla | 63.91 | 64.21 | 64.52 | 64.82 | 65.12 | 65.43 | 65.73 |
| Woodie | 59.86 | 61.96 | 63.17 | 65.27 | 66.48 | 68.58 | 69.79 |
| Fibonacci | 62.11 | 63.37 | 64.15 | 65.42 | 66.68 | 67.46 | 68.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.50 | 61.93 | 64.33 | 66.76 | 69.16 | 71.59 | 73.99 |
| Camarilla | 65.41 | 65.85 | 66.30 | 66.74 | 67.18 | 67.63 | 68.07 |
| Woodie | 59.50 | 61.92 | 64.33 | 66.75 | 69.16 | 71.58 | 73.99 |
| Fibonacci | 61.93 | 63.77 | 64.91 | 66.76 | 68.60 | 69.74 | 71.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.22 | 66.30 | 68.31 | 71.39 | 73.40 | 76.48 | 78.49 |
| Camarilla | 68.92 | 69.39 | 69.85 | 70.32 | 70.79 | 71.25 | 71.72 |
| Woodie | 62.69 | 66.03 | 67.78 | 71.12 | 72.87 | 76.21 | 77.96 |
| Fibonacci | 66.30 | 68.24 | 69.45 | 71.39 | 73.33 | 74.54 | 76.48 |
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): | 22.39 | |
| MACD (12,26,9): | -2.1600 | |
| Directional Movement: | -39.28 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 66.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.44 | |
| Elder Ray (13): | -3.12 | |
| Super Trend (3,10): | 70.45 | |
| Zig ZAG (10): | 64.51 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 13.84 | |
| TEMA (21): | 65.33 | |
| Williams %R (14): | -92.85 | |
| Chande Momentum Oscillator (20): | -5.79 | |
| Repulse (5,40,3): | -3.6300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3100 | |
| Courbe Coppock: | 16.92 |
| MA7: | 66.53 | |
| MA20: | 70.10 | |
| MA50: | 72.65 | |
| MA100: | 73.73 | |
| MAexp7: | 66.50 | |
| MAexp20: | 69.19 | |
| MAexp50: | 71.63 | |
| MAexp100: | 72.89 | |
| Price / MA7: | -3.07% | |
| Price / MA20: | -8.00% | |
| Price / MA50: | -11.23% | |
| Price / MA100: | -12.53% | |
| Price / MAexp7: | -3.02% | |
| Price / MAexp20: | -6.79% | |
| Price / MAexp50: | -9.97% | |
| Price / MAexp100: | -11.52% |
News
The last news published on AUD/JPY at the time of the generation of this analysis was as follows:
-
Australian Dollar Trend Analysis: AUD/USD, AUD/JPY, AUD/NZD on Jobs Report
-
Coronavirus Impact on Japanese Yen Positioning: USD/JPY, AUD/JPY Analysis
-
FOMC Sends AUD/USD, AUD/JPY, NZD/USD Lower as Long bets Accumulate
-
Australian Dollar Analysis: AUD/USD, AUD/JPY, AUD/NZD Rise on CPI Data
-
Weekly Technical Analysis: 28/01/2020 - CADJPY, AUDJPY, EURGBP
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis AUD/JPY - Daily