AUD/JPY – 30M – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline upwards
An ascent up to the next resistance level at 94.25300 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair could go up.
Besides a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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 | 95.34800 |
| 2nd High | 95.03300 |
| Next High | 94.25300 |
| Current Price | 94.35300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
94.25300 – 94.20600 – 93.86200 – 93.14600 – 93.63500 – 93.15800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji