AUD/JPY – 30M – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 98.243 will continue.
Caution: A possible reversal of the trend in the direction of support at 97.424 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The 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 | 99.161 |
| 2nd High | 98.759 |
| Next High | 98.243 |
| Current Price | 97.75300 |
| Next Low | 97.424 |
| 2nd Low | 96.81 |
| 3rd Low | 95.76 |
97.425 – 97.328 – 96.996 – 97.424 – 96.81 – 95.76 — 67.96411752718 – 68.803906302431 — 98.331290284313 – 98.671359088932 – 96.625234511272 – 97.527251637734
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double top chart pattern – –