AUD/JPY – 30M – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline upwards
A bullish trend up to the next resistance level at 105.072 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 104.558 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.273 |
| 2nd High | 105.089 |
| Next High | 105.072 |
| Current Price | 105.06200 |
| Next Low | 104.558 |
| 2nd Low | 104.459 |
| 3rd Low | 104.458 |
105.072 – 105.089 – 105.273 – 104.558 – 104.617 – 104.459 —
105.04300 – 105.24800 —
61.490127956772 – 53.95139581345 —
– —
105.07200 – 1767634200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –