The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at is certain.
Caution: A possible change in the direction of resistance at 108.731 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.
Additionally a ‘Southern Doji’ candlestick pattern is found. The chart forms ‘Southern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 109.48 |
| 2nd High | 108.886 |
| Next High | 108.731 |
| Current Price | 108.43400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
108.731 – 108.886 – 109.48 – 107.842 – 107.849 – 107.678 —
108.35900 – 108.59900 —
53.46153461133 – 58.677435841449 —
– —
108.731 – 1771290000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Southern Doji – – – – – – – – –