The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 105.248 is likely expected.
Caution: A possible change in the direction of the support zone at is also possible.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.
Then a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 105.273 |
| Next High | 105.248 |
| Current Price | 105.07700 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
105.248 – 105.072 – 105.089 – 104.558 – 104.617 – 104.459 —
105.33600 – 105.16800 —
69.036282306386 – 44.518225696405 —
– —
105.24800 – 1767666600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –