AUD/JPY – 1H – BUYCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 106.013 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 106.817 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 106.817 |
| Current Price | 106.38600 |
| Next Low | 105.908 |
| 2nd Low | 105.209 |
| 3rd Low | 105.175 |
106.817 – 106.325 – 106.711 – 105.908 – 105.209 – 105.867 —
106.56900 – 106.56300 —
62.944090343653 – 50.34478869426 —
– —
106.81700 – 1768899600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –