The combination Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline up.
A bullish ascent upwards to the next resistance level at 182.169 will continue.
Caution: A possible counter-trend in the direction of the support line at 181.12 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.
Also there is a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair could go up.
Also there is a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candle pattern is existing. The candles show ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 182.532 |
| 2nd High | 182.294 |
| Next High | 182.169 |
| Current Price | 181.13100 |
| Next Low | 181.12 |
| 2nd Low | 180.801 |
| 3rd Low | 180.49 |
182.169 – 182.004 – 182.294 – 181.695 – 181.12 – 181.241 —
181.29600 – 181.02000 —
28.83062497486 – 29.474986061525 —
– —
182.169 – 1771291800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –