AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 95.41000 will persist.
Caution: A possible reversal of the trend in the direction of support at 94.58200 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96.09900 |
| 2nd High | 95.95500 |
| Next High | 95.41000 |
| Current Price | 95.09100 |
| Next Low | 94.58200 |
| 2nd Low | 94.56400 |
| 3rd Low | 94.45700 |
95.41000 – 95.95500 – 96.09900 – 95.12100 – 95.63000 – 95.86600 — 35.737051900358 – 40.910207005646 — 29.097854735929 – 53.162846561906 – 15.36191651447 – 29.741211534826
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double top retreat up – –