AUD/JPY – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Current target is 106.711 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 106.711 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 106.711 |
| Current Price | 106.24200 |
| Next Low | 105.582 |
| 2nd Low | 105.175 |
| 3rd Low | 104.718 |
106.711 – 106.693 – 105.179 – 105.582 – 106.171 – 105.175 —
106.08900 – 106.25100 —
51.791228078671 – 57.865150117329 —
– —
106.71100 – 1768374000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –