EUR/JPY – 4H – BUYThe pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 185.568 is considered certain.
Caution: A possible trend reversal in the direction of support at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.
And also a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | 185.568 |
| Current Price | 184.05300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
185.568 – 184.422 – 184.918 – 182.631 – 182.807 – 183.412 —
183.92700 – 183.80400 —
36.451175851326 – 43.244947535427 —
– —
185.56800 – 1768377600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – – – – – – – –