EUR/JPY – 1H – BUYThe currency pair Euro/Japanese Yen (EUR/JPY) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance level at 183.246 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 182.707 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The pair is likely to go up.
Then a ‘RSI Bullish Divergence’ indicator layout is detected. The indicator is ‘RSI Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.
Then a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Then a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.061 |
| 2nd High | 183.643 |
| Next High | 183.246 |
| Current Price | 182.87400 |
| Next Low | 182.707 |
| 2nd Low | 182.196 |
| 3rd Low | 181.565 |
183.246 – 183.23 – 183.643 – 182.707 – 182.807 – 183.709 —
183.08500 – 182.77000 —
51.84697484445 – 38.430480286933 —
– —
183.24600 – 1767844800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double bottom retreat down – – – – – – – –