AUD/JPY – 30M – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 96.76 is certain.
Caution: A possible change in the direction of the support level at 95.76 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 | 96.85200 |
| Next Low | 95.76 |
| 2nd Low | 95.703 |
| 3rd Low | 95.62 |
96.162 – 96.08 – 96.061 – 95.76 – 95.703 – 95.765 — 61.265235330797 – 63.623380425059 — 89.487385936661 – 100 – 67.201646090535 – 86.286455537663
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Triple bottom chart pattern – –