AUD/JPY – 1H – BUY

Additionally a ‘Head and Shoulder chart pattern’ chart formation is discovered. The chart forms ‘Head and Shoulder chart pattern’. which is a bearish pattern signal. The pair is likely to go down.

The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline upwards

A bullish ascent upwards to the next resistance at 94.48400 is certain.

Caution: A possible counter-trend in the direction of the support level at 93.79900 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Additionally a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. 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).

94.26100 – 94.48400 – 94.41000 – 93.79900 – 93.94000 – 93.93800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji