AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 93.54400 will persist.
Caution: A possible trend reversal in the direction of the support line at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.30700 |
| 2nd High | 93.56100 |
| Next High | 93.54400 |
| Current Price | 93.13800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
93.54400 – 92.80900 – 92.76300 – 92.46400 – 92.21400 – 92.60500
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji