AUD/JPY – 30M – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 106.228 will persist.
Caution: A possible trend reversal in the direction of the support level at 105.669 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.
Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 106.444556 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 106.228 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish 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 | 106.711 |
| Next High | 106.228 |
| Current Price | 106.27000 |
| Next Low | 105.669 |
| 2nd Low | 105.582 |
| 3rd Low | 105.463 |
106.228 – 106.018 – 106.711 – 105.669 – 105.582 – 106.171 —
106.19300 – 106.19700 —
63.900109690964 – 50.195838092401 —
– —
106.22800 – 1768474800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –