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. Target of the current trend is 91.866538 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 91.67700 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. this is a bullish 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92.09400 |
| 2nd High | 91.94900 |
| Next High | 91.67700 |
| Current Price | 91.52100 |
| Next Low | 90.58300 |
| 2nd Low | 90.54800 |
| 3rd Low | 89.63300 |
91.67700 – 91.94900 – 92.09400 – 90.58300 – 91.19600 – 91.47300
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji