AUD/JPY – 30M – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance at 96.162 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.
There is also a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96.493 |
| 2nd High | 96.195 |
| Next High | 96.162 |
| Current Price | 96.78100 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
96.162 – 96.08 – 96.061 – 95.76 – 95.703 – 95.765 — 53.158986622069 – 53.253592730448 — 47.541291291291 – 72.282699366033 – 32.495690134579 – 48.597903459015
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom retreat down – –