AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline up.
An ascending movement up to the next resistance level at 105.179 will persist.
Caution: A possible reversal of the trend in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.
Then a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.57 |
| 2nd High | 105.527 |
| Next High | 105.179 |
| Current Price | 105.11000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
105.179 – 105.527 – 105.57 – 104.718 – 105.303 – 105.228 —
105.07300 – 105.06600 —
46.83844027476 – 52.397019584223 —
– —
105.17900 – 1767893400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom retreat down – – – – – – – –