The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at is certain.
Caution: A possible counter-trend in the direction of support at 113.65 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.
Then a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 114.51600 |
| Next Low | 113.65 |
| 2nd Low | 113.065 |
| 3rd Low | 111.518 |
114.293 – 114.369 – 112.369 – 113.65 – 113.065 – 111.518 —
113.99300 – 114.40900 —
46.773297971467 – 63.069999331531 —
– —
114.293 – 1776787200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – – – – – – – – –