AUD/JPY – 30M – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance at is expected.
Caution: A possible trend reversal in the direction of support at 104.973 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.
Next a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 105.53900 |
| Next Low | 104.973 |
| 2nd Low | 104.558 |
| 3rd Low | 104.459 |
105.361 – 105.248 – 105.072 – 104.973 – 104.558 – 104.617 —
105.56200 – 105.58000 —
77.754258331642 – 69.634106791544 —
– —
105.36100 – 1767688200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –