AUD/JPY – 4H – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at is likely expected.
Caution: A possible change in the direction of the support line at 104.347 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency 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 | 105.78400 |
| Next Low | 104.347 |
| 2nd Low | 102.313 |
| 3rd Low | 101.506 |
105.273 – 104.39 – 102.357 – 104.347 – 102.313 – 103.179 —
105.07200 – 105.59200 —
54.941637063562 – 67.108565439902 —
– —
105.27300 – 1767340800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –