AUD/JPY – 1H – BUY

Besides a ‘Head and Shoulder chart pattern’ chart pattern is found. The chart forms ‘Head and Shoulder chart pattern’. this is a bearish signal. The pair is likely to go down.

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline upwards

A bullish ascent up to the next resistance level at 94.26100 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.

Besides a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘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