Buy AUD/JPY – 1H – BUY

Correction 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

Download AUD/JPY Signal Image

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