AUD/JPY – 1H – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline downwards
A descent down to the next support line at will continue.
Caution: A possible trend reversal in the direction of the resistance line at 91.16600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
Furthermore a ‘Southern Doji’ candlestick pattern is found. The chart forms ‘Southern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91.40300 |
| 2nd High | 91.20200 |
| Next High | 91.16600 |
| Current Price | 90.70800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
91.16600 – 91.20200 – 91.40300 – 90.59700 – 90.13400 – 90.12900
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Southern Doji