And also a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 113.700972 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 113.322 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 114.542 |
| 2nd High | 114.438 |
| Next High | 113.322 |
| Current Price | 112.93400 |
| Next Low | 112.378 |
| 2nd Low | 111.933 |
| 3rd Low | 111.315 |
113.322 – 113.208 – 113.237 – 112.378 – 111.933 – 111.315 —
112.88300 – 112.82900 —
44.39905189482 – 43.406202367852 —
– —
113.322 – 1777874400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –