AUD/JPY – 1H – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline down.
A bearish movement down to the next support level at 92.80500 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 95.30700 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. 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 probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.74300 |
| 2nd High | 95.39200 |
| Next High | 95.30700 |
| Current Price | 93.59400 |
| Next Low | 92.80500 |
| 2nd Low | 92.21400 |
| 3rd Low | 92.11000 |
93.54400 – 93.33600 – 93.56100 – 92.80500 – 92.21400 – 92.11000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low