USD/JPY – 4H – BUYNext a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.
Next a ‘Advance Block’ candlestick chart pattern is discovered. The chart forms ‘Advance Block’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.459 |
| 2nd High | 160.028 |
| Next High | 159.856 |
| Current Price | 159.21400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
159.856 – 160.028 – 160.459 – 157.884 – 158.271 – 157.504 —
159.02500 – 159.12700 —
41.617364352056 – 51.926793950627 —
– —
159.856 – 1776081600
Trading Signals: FOREX – USD – USD/JPY – JPY – Advance Block – – – – – – – – –