There is also a ‘Falling Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Falling Wedge Chart Pattern’. which is a positive chart scenario. The pair is likely to go up.
The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 93.90700 will continue.
Caution: A possible counter-trend in the direction of the support line at 92.31100 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.
There is also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94.74500 |
| 2nd High | 94.71000 |
| Next High | 93.90700 |
| Current Price | 93.38900 |
| Next Low | 92.31100 |
| 2nd Low | 92.05400 |
| 3rd Low | 92.00900 |
93.90700 – 94.71000 – 94.58500 – 92.31100 – 93.23200 – 93.30100