AUD/JPY – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 92.9145 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 92.93300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.
In addition a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93.84100 |
| 2nd High | 92.99200 |
| Next High | 92.93300 |
| Current Price | 92.61600 |
| Next Low | 91.98800 |
| 2nd Low | 90.69100 |
| 3rd Low | 90.58300 |
92.51600 – 92.93300 – 92.99200 – 91.98800 – 92.49100 – 92.87000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji