AUD/JPY – 1H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline down.
A descent down to the next support at 104.718 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 105.527 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Additionally a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 105.928 |
| Next High | 105.527 |
| Current Price | 105.35800 |
| Next Low | 104.718 |
| 2nd Low | 104.558 |
| 3rd Low | 104.458 |
105.179 – 105.527 – 105.928 – 104.718 – 104.558 – 104.617 —
105.16800 – 105.32600 —
51.303329718616 – 53.688600474258 —
– —
105.17900 – 1767891600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double top chart pattern – – – – – – – –