AUD/JPY – 30M – BUYCorrection 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 change in the direction of the resistance zone at 93.54400 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bullish Engulfing’ candle pattern is found. The chart shows ‘Bullish Engulfing’. 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 success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.30700 |
| 2nd High | 93.56100 |
| Next High | 93.54400 |
| Current Price | 92.95000 |
| 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 – Bullish Engulfing