EUR/JPY – 4H – BUYAdditionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 164.63200 |
| Current Price | 162.77000 |
| Next Low | 161.59100 |
| 2nd Low | 160.97900 |
| 3rd Low | 159.47200 |
164.63200 – 163.75200 – 162.66700 – 161.59100 – 161.70300 – 160.97900
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji