AUD/JPY – 30M – BUYNext a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The pair is likely to go up.
Next a ‘Inverted Hammer’ candlestick chart pattern is found. The chart forms ‘Inverted Hammer’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 112.263 |
| 2nd High | 112.157 |
| Next High | 111.876 |
| Current Price | 111.78300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
111.876 – 111.735 – 112.157 – 111.324 – 111.148 – 111.867 —
111.84800 – 111.79000 —
63.758508674594 – 56.393579191877 —
– —
111.876 – 1783063800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Inverted Hammer – – – – – – – – –