Besides a ‘Double bottom chart pattern’ chart pattern is discovered. The chart picture forms ‘Double bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to rise.
The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline downwards
The bearish trend downwards to the next support level at 100.586 is considered certain.
Caution: A possible change in the direction of the resistance zone at 101.428 could happen.
Consider stop-loss settings accordingly.
Besides a ” indicator signal is existing. The indicator is ”. this is usually a bullish signal. The pair is likely to go up.
!
Besides a ‘%K crosses above %D’ indicator signal is existing. The indicator is ‘%K crosses above %D’. this is usually a bullish signal. The pair is likely to go up.
Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.819 |
| Next High | 101.428 |
| Current Price | 101.66700 |
| Next Low | 100.586 |
| 2nd Low | 100.138 |
| 3rd Low | 98.963 |
101.428 – 101.148 – 101.131 – 100.586 – 100.626 – 100.138 —
101.18800 – 101.34700 —
60.257424691408 – 62.806471735656 —
– —
101.42800 – 1763496000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Double bottom chart pattern – – – –