AUD/JPY – 30M – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 96.76 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 95.76 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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 | 96.985 |
| 2nd High | 96.78 |
| Next High | 96.76 |
| Current Price | 96.60500 |
| Next Low | 95.76 |
| 2nd Low | 95.703 |
| 3rd Low | 95.62 |
96.162 – 96.08 – 96.061 – 95.76 – 95.703 – 95.765 — 45.113183177758 – 49.338866141036 — 1.6529630306352 – 10.590597848552 – 13.812734966944 – 8.6090296537267
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Triple bottom chart pattern – –