AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline upwards
An ascent upwards to the next resistance at 93.33600 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93.56100 |
| 2nd High | 93.47100 |
| Next High | 93.33600 |
| Current Price | 92.81800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
93.33600 – 92.79400 – 93.04500 – 92.40600 – 92.11000 – 93.01900
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji