AUD/JPY – 30M – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 98.382 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 97.802 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.759 |
| 2nd High | 98.419 |
| Next High | 98.382 |
| Current Price | 97.86300 |
| Next Low | 97.802 |
| 2nd Low | 97.424 |
| 3rd Low | 96.81 |
98.382 – 98.285 – 98.419 – 97.802 – 97.424 – 96.81 — 36.875923528802 – 39.805179134152 — 10.116954391447 – 21.848086310357 – 10.700638547779 – 12.927903740267
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – –