AUD/JPY – 1H – BUY

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

The bullish trend up to the next resistance level at 101.428 will persist.

Caution: A possible trend reversal in the direction of the support zone at 100.138 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.

Additionally a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair could go up.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Current target is 101.428 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance line at 101.428 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this 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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

101.428 – 101.148 – 101.131 – 100.138 – 100.734 – 100.22 —
101.08500 – 100.98400 —
47.816262072435 – 45.719707480597 —
– —
101.42800 – 1763496000

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