AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at is considered certain.
Caution: A possible change in the direction of the support level at 104.973 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 105.78400 |
| Next Low | 104.973 |
| 2nd Low | 104.558 |
| 3rd Low | 104.459 |
105.361 – 105.248 – 105.072 – 104.973 – 104.558 – 104.617 —
105.61300 – 105.74100 —
64.657659433546 – 67.150299042951 —
– —
105.36100 – 1767688200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –