AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline up.
A continuation of the upward movement up to the next resistance at 106.817 will persist.
Caution: A possible change in the direction of the support level at 105.973 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bullish Belt Hold’ candle pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a positive 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 ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 106.817 |
| Current Price | 106.49300 |
| Next Low | 105.973 |
| 2nd Low | 105.908 |
| 3rd Low | 105.209 |
106.817 – 106.313 – 106.325 – 105.973 – 105.908 – 105.209 —
106.41800 – 106.51400 —
57.219272480649 – 57.33328673537 —
– —
106.81700 – 1768901400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – – – – – – – – –