AUD/JPY – 1H – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 97.326 will persist.
Caution: A possible change in the direction of the support level at 96.306 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle pattern is detected. The candles form ‘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 | 97.502 |
| 2nd High | 97.334 |
| Next High | 97.326 |
| Current Price | 97.39200 |
| Next Low | 96.306 |
| 2nd Low | 95.76 |
| 3rd Low | 95.703 |
96.996 – 96.886 – 96.08 – 96.306 – 95.76 – 95.703 — 68.139570975632 – 69.651737094498 — 83.954377661399 – 90.85423143419 – 78.299870133543 – 83.28258466331
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double top retreat up – –