Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 93.23012 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 93.54400 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.
Next a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive 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).
Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
Support & Resistance | Price Range* |
---|---|
3rd High | 95.30700 |
2nd High | 93.56100 |
Next High | 93.54400 |
Current Price | 93.05100 |
Next Low | 92.46400 |
2nd Low | 92.21400 |
3rd Low | 92.11000 |
93.54400 – 92.80900 – 92.76300 – 92.46400 – 92.21400 – 92.60500
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji