AUD/JPY – 1H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
A bearish trend downwards to the next support at is likely expected.
Caution: A possible change in the direction of the resistance line at 105.527 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Furthermore a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. The 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 | 105.928 |
| Next High | 105.527 |
| Current Price | 105.11000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
105.527 – 105.928 – 105.089 – 104.718 – 104.558 – 104.617 —
104.99700 – 104.98900 —
39.332772373417 – 39.755922245898 —
– —
105.52700 – 1767841200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom retreat down – – – – – – – –