AUD/JPY – 30M – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 105.179 is expected.
Caution: A possible change in the direction of support at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.
Next a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘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 probability of ‘Northern Doji’ heading 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 | 105.12500 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
105.179 – 105.527 – 105.57 – 104.87 – 104.718 – 105.303 —
105.11400 – 105.12300 —
55.486806164856 – 51.932065266097 —
– —
105.17900 – 1767893400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –