AUD/JPY – 30M – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline downwards

A descending movement down to the next support line at is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 91.16600 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

Next a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).

91.16600 – 90.81400 – 91.20200 – 90.59700 – 90.48000 – 90.30100

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji