AUD/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 93.544 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 95.30700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.74300 |
| 2nd High | 95.39200 |
| Next High | 95.30700 |
| Current Price | 93.70900 |
| Next Low | 92.80500 |
| 2nd Low | 92.46400 |
| 3rd Low | 92.21400 |
93.32700 – 93.54400 – 92.80900 – 92.80500 – 92.46400 – 92.21400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji