AUD/JPY – 30M – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 98.125 will persist.
Caution: A possible trend reversal in the direction of the support level at 97.697 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Besides a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.419 |
| 2nd High | 98.382 |
| Next High | 98.125 |
| Current Price | 97.88300 |
| Next Low | 97.697 |
| 2nd Low | 97.424 |
| 3rd Low | 96.81 |
98.125 – 98.382 – 98.285 – 97.697 – 97.802 – 97.424 — 45.249074577937 – 48.247686238178 — 69.026861262303 – 65.298578858637 – 78.587772715659 – 71.453373510442
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – –