AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 105.928 will continue.
Caution: A possible counter-trend in the direction of the support level at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.
Furthermore a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 105.928 |
| Current Price | 105.51000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
105.928 – 105.361 – 105.248 – 105.228 – 104.973 – 104.558 —
105.60200 – 105.47500 —
47.850202098606 – 38.960466811383 —
– —
105.92800 – 1767765600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –