AUD/JPY – 30M – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at is certain.
Caution: A possible reversal of the trend in the direction of the support level at 104.973 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ” indicator layout is discovered. The indicator shows ”. this is usually a bullish chart signal. The pair is likely to go up.
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Furthermore a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The pair is likely to go up.
Furthermore a ‘Northern Doji’ candlestick chart pattern is found. 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 105.56900 |
| Next Low | 104.973 |
| 2nd Low | 104.558 |
| 3rd Low | 104.459 |
105.361 – 105.248 – 105.072 – 104.973 – 104.558 – 104.617 —
105.49600 – 105.49600 —
74.584956669434 – 65.80868003964 —
– —
105.36100 – 1767688200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –