The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 96.09900 will persist.
Caution: A possible change in the direction of the support level at 95.86600 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.
And also a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96.49300 |
| 2nd High | 96.19500 |
| Next High | 96.09900 |
| Current Price | 95.88600 |
| Next Low | 95.86600 |
| 2nd Low | 95.74100 |
| 3rd Low | 95.51600 |
96.09900 – 96.19500 – 96.16200 – 95.86600 – 95.74100 – 95.51600 — 42.84597323776 – 44.083098922997 — 23.041556145004 – 23.028695442489 – 31.51943841599 – 25.61048147255
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – –