AUD/JPY – 1H – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 97.74 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 96.81 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.161 |
| 2nd High | 98.759 |
| Next High | 97.74 |
| Current Price | 97.71000 |
| Next Low | 96.81 |
| 2nd Low | 96.306 |
| 3rd Low | 95.76 |
97.74 – 97.322 – 97.425 – 96.81 – 97.044 – 96.306 — 64.211135986482 – 66.034865161288 — 36.041999543483 – 69.375332876817 – 16.087719056912 – 37.310507791868
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – –