AUD/JPY – 30M – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 96.985 is considered certain.
Caution: A possible change in the direction of the support level at 95.76 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candle pattern is existing. The chart shows ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.326 |
| 2nd High | 97.272 |
| Next High | 96.985 |
| Current Price | 96.98200 |
| Next Low | 95.76 |
| 2nd Low | 95.703 |
| 3rd Low | 95.62 |
96.83 – 96.886 – 96.162 – 95.76 – 95.703 – 95.765 — 62.561673898191 – 69.100971026032 — 94.035463674944 – 94.035463674944 – 94.808965402673 – 94.035463674944
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – –