AUD/JPY – 1H – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 95.30700 will persist.
Caution: A possible counter-trend in the direction of the support level at 92.80500 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.74300 |
| 2nd High | 95.39200 |
| Next High | 95.30700 |
| Current Price | 93.96900 |
| 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 – Northern Doji