The currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 102.483 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 101.633 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair could go up.
There is also a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 102.483 |
| Current Price | 102.11500 |
| Next Low | 101.633 |
| 2nd Low | 100.342 |
| 3rd Low | 100.138 |
102.044 – 102.024 – 101.741 – 101.633 – 100.342 – 100.957 —
102.02200 – 102.08700 —
53.498345263589 – 59.321570421501 —
– —
102.04400 – 1764217800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –