AUD/JPY – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 90.412244 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 91.16600 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.
Also there is a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading 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 | 90.69000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
91.16600 – 90.81400 – 91.20200 – 90.59700 – 90.48000 – 90.30100
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji