AUD/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 93.046664 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 92.76300 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair could go up.
There is also a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93.33600 |
| 2nd High | 92.92000 |
| Next High | 92.76300 |
| Current Price | 92.78900 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
92.76300 – 92.92000 – 93.33600 – 92.21400 – 92.60500 – 92.40600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji