AUD/JPY – 30M – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline down.
The bearish trend down to the next support level at 98.15100 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 99.16100 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Matching Low’ chart pattern is found. The candles form ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.30800 |
| 2nd High | 99.21500 |
| Next High | 99.16100 |
| Current Price | 98.52300 |
| Next Low | 98.15100 |
| 2nd Low | 97.52200 |
| 3rd Low | 97.49000 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low