The currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline down.
A bearish descent downwards to the next support line at 106.853 is certain.
Caution: A possible change in the direction of the resistance zone at 110.184 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
There is also a ‘Southern Doji’ candlestick chart pattern is discovered. The chart forms ‘Southern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 110.184 |
| Current Price | 109.18800 |
| Next Low | 106.853 |
| 2nd Low | 106.519 |
| 3rd Low | 106.074 |
110.184 – 109.547 – 108.579 – 106.853 – 107.291 – 106.519 —
109.49200 – 109.93100 —
45.152669273999 – 53.84549442673 —
– —
110.184 – 1770213600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Southern Doji – – – – – – – – –