AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 96.83 is expected.
Caution: A possible reversal of the trend in the direction of the support level at could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.
Moreover a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a positive signal. The 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 | 96.886 |
| Next High | 96.83 |
| Current Price | 96.86500 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
96.83 – 96.886 – 96.162 – 95.76 – 95.703 – 95.765 — 45.581059031868 – 51.222439232635 — 11.207877677471 – 14.325612571684 – 30.672126836619 – 19.299707751495
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom chart pattern – –