AUD/JPY – 1H – BUYBesides a ‘StochRSI %K crosses above 0.2’ indicator signal is existing. The indicator shows ‘StochRSI %K crosses above 0.2’. 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 continue. Current target is 110.806 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 111.212 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Concealing Baby Swallow’ candle chart pattern is found. The chart shows ‘Concealing Baby Swallow’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 112.086 |
| Next High | 111.212 |
| Current Price | 110.21600 |
| Next Low | 109.92 |
| 2nd Low | 109.526 |
| 3rd Low | 108.8 |
111.212 – 112.086 – 111.291 – 109.92 – 109.526 – 109.677 —
110.95500 – 110.54600 —
46.527380854241 – 37.202469522417 —
– —
111.212 – 1772661600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Concealing Baby Swallow – – – – – – – – –