AUD/JPY – 30M – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 93.90700 is expected.
Caution: A possible reversal of the trend in the direction of the support level at could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 94.219 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 93.90700 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.11300 |
| 2nd High | 93.92400 |
| Next High | 93.90700 |
| Current Price | 93.92400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
93.90700 – 93.92400 – 95.11300 – 93.14400 – 93.26400 – 93.04600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji