Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 91.770646 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 91.54000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Additionally a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
Support & Resistance | Price Range* |
---|---|
3rd High | 91.94900 |
2nd High | 91.67700 |
Next High | 91.54000 |
Current Price | 91.49100 |
Next Low | 90.58300 |
2nd Low | 90.54800 |
3rd Low | 89.63300 |
91.54000 – 91.67700 – 91.94900 – 90.58300 – 91.19600 – 91.47300
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji