AUD/JPY – 4H – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline downwards
A descending movement down to the next support level at will persist.
Caution: A possible change in the direction of the resistance zone at 105.928 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.
Next a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. 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 | 105.928 |
| Current Price | 105.25300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
105.928 – 105.273 – 104.39 – 104.347 – 102.313 – 103.179 —
105.57000 – 105.14600 —
57.820748710428 – 49.077161201137 —
– —
105.92800 – 1767758400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –