AUD/JPY – 30M – BUYAdditionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 107.534 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 107.087 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency 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 | 108.996 |
| Next High | 107.087 |
| Current Price | 106.73700 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
107.087 – 106.882 – 108.996 – 106.074 – 106.449 – 106.072 —
106.56800 – 106.68100 —
42.960543138222 – 49.784471058365 —
– —
107.08700 – 1769506200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –