AUD/JPY – 30M – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 106.837 is considered certain.
Caution: A possible counter-trend in the direction of the support line at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.
Besides a ‘ ‘ indicator signal is found. The indicator is ‘ ‘. which could be a negative chart scenario. The currency pair could go down.
Besides a ‘Bearish SBS White Lines’ candle chart pattern is detected. The chart shows ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 108.996 |
| 2nd High | 107.087 |
| Next High | 106.837 |
| Current Price | 106.70600 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
106.837 – 107.087 – 106.882 – 106.074 – 106.449 – 106.072 —
106.72800 – 106.79800 —
46.901252861893 – 52.058854348974 —
– —
106.83700 – 1769535000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish SBS White Lines – – – – – – – – –