AUD/JPY – 30M – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 91.40300 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 90.11700 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. 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).
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.30700 |
| 2nd High | 93.13100 |
| Next High | 91.40300 |
| Current Price | 91.15900 |
| Next Low | 90.11700 |
| 2nd Low | 89.56300 |
| 3rd Low | 88.28100 |
91.40300 – 90.77500 – 90.71100 – 90.11700 – 89.56300 – 88.28100
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji