EUR/JPY – 1H – BUYNext a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.
Next a ‘Matching Low’ candle chart pattern is found. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.16800 |
| 2nd High | 162.80100 |
| Next High | 162.63200 |
| Current Price | 161.82800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
162.63200 – 162.27700 – 162.80100 – 161.23900 – 161.49400 – 161.28900
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low