AUD/JPY – 30M – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 96.49300 will continue.
Caution: A possible counter-trend in the direction of support at 95.51500 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 96.49300 |
| Current Price | 95.99900 |
| Next Low | 95.51500 |
| 2nd Low | 94.58200 |
| 3rd Low | 94.56400 |
96.49300 – 95.36500 – 94.63700 – 95.51500 – 94.58200 – 94.56400 — 62.077201759327 – 63.131232855614 — 95.393572297821 – 99.130158203341 – 89.954641000111 – 93.774661651363
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Triple top chart pattern – –