AUD/JPY – 4H – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 105.209 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 108.996 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘ ‘ indicator layout is detected. The indicator shows ‘ ‘. this is usually a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 105.444164 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 108.996 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive chart scenario. 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 | 108.996 |
| Current Price | 106.58200 |
| Next Low | 105.209 |
| 2nd Low | 104.718 |
| 3rd Low | 104.347 |
108.996 – 106.711 – 105.928 – 105.209 – 105.582 – 104.718 —
106.70000 – 106.72900 —
36.856643269381 – 39.684683783786 —
– —
108.99600 – 1769155200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –