The currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 110.272 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 112.381 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.
And also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
And also a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. this 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.056 |
| 2nd High | 112.606 |
| Next High | 112.381 |
| Current Price | 111.12200 |
| Next Low | 110.272 |
| 2nd Low | 110.232 |
| 3rd Low | 110.121 |
112.381 – 111.98 – 112.606 – 110.272 – 111.282 – 111.158 —
111.46300 – 111.18000 —
48.589040518782 – 48.528499704176 —
– —
112.381 – 1774002600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –