The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline downwards
The bearish trend down to the next support at will continue.
Caution: A possible trend reversal in the direction of the resistance level at 92.21600 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.
Then a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern signal. 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).
Support & Resistance | Price Range* |
---|---|
3rd High | 95.39200 |
2nd High | 95.30700 |
Next High | 92.21600 |
Current Price | 91.27400 |
Next Low | |
2nd Low | |
3rd Low |
92.21600 – 91.40300 – 91.31600 – 89.63300 – 86.04000 – 86.11200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji