EUR/JPY – 1H – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 173.653 is expected.
Caution: A possible trend reversal in the direction of the support level at 172.892 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Next a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. 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 | |
| 2nd High | |
| Next High | 173.653 |
| Current Price | 173.37700 |
| Next Low | 172.892 |
| 2nd Low | 172.307 |
| 3rd Low | 172.13 |
172.906 – 173.653 – 171.788 – 172.892 – 172.307 – 172.13 — 50.246760230798 – 57.776221297903 — 17.038723621904 – 43.048062168985 – 6.7910706330743 – 21.140424689403
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – –