Buy AUD/JPY – 1H – BUY

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

Next a ‘MACD crosses above signal’ indicator layout is found. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The pair is likely to go up.

Next a ‘Bearish SBS White Lines’ candlestick chart pattern is discovered. The chart forms ‘Bearish SBS White Lines’. 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 likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

Support & Resistance Price Range*
3rd High 114.542
2nd High 114.438
Next High 114.305
Current Price 113.23100
Next Low
2nd Low
3rd Low

114.305 – 113.322 – 113.237 – 112.366 – 112.189 – 112.288 —
113.17200 – 113.26600 —
48.920453264655 – 47.241678592783 —
– —
114.305 – 1778047200

Trading Signals:

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