AUD/JPY – 30M – BUY

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

A bullish trend up to the next resistance line at 94.55700 is considered certain.

Caution: A possible counter-trend in the direction of the support line at could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair is likely to rise.

Besides a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern 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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

94.55700 – 94.88600 – 94.54200 – 94.22500 – 93.96000 – 94.22600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Head and Shoulder chart pattern