AUD/JPY – 1H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the descending trendline down.

A continuation of the downward movement down to the next support level at 92.21400 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 93.54400 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which 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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

93.54400 – 93.33600 – 93.56100 – 92.21400 – 92.11000 – 92.84100

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji