USD/JPY – 1H – BUYNext a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Next a ‘Last Engulfing Bottom:’ candle pattern is discovered. The candles show ‘Last Engulfing Bottom:’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 144.20100 |
| 2nd High | 144.07800 |
| Next High | 143.59300 |
| Current Price | 142.88500 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
143.59300 – 144.07800 – 144.20100 – 142.59500 – 142.22600 – 142.06300
Trading Signals: FOREX – USD – USD/JPY – JPY – Last Engulfing Bottom: