AUD/JPY – 30M – BUYBesides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 106.072 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 108.996 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Southern Doji’ candlestick pattern is discovered. The candles show ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 108.996 |
| Current Price | 106.55700 |
| Next Low | 106.072 |
| 2nd Low | 105.973 |
| 3rd Low | 105.908 |
108.996 – 108.186 – 107.198 – 106.072 – 107.724 – 107.842 —
106.72300 – 106.86900 —
52.671593540738 – 53.728687412928 —
– —
108.99600 – 1769158800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Southern Doji – – – – – – – – –