AUD/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 91.059624 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 91.16600 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91.31300 |
| 2nd High | 91.20200 |
| Next High | 91.16600 |
| Current Price | 90.81500 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
91.16600 – 90.81400 – 91.20200 – 90.48000 – 90.30100 – 90.13400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji