AUD/JPY – 30M – BUY

Also there is a ‘Double bottom chart pattern’ chart layout is discovered. The chart picture shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The pair is likely to go up.

The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance level at 102.235 is expected.

Caution: A possible trend reversal in the direction of the support line at 101.748 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The currency pair could go up.

Also there is a ‘Tweezers Bottom’ chart pattern is found. The candles form ‘Tweezers Bottom’. 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 likelyhood of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).

102.235 – 101.683 – 101.428 – 101.748 – 101.101 – 100.586 —
101.87400 – 102.14800 —
47.826373707555 – 62.02388436734 —
– —
102.23500 – 1763627400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Bottom – Double bottom chart pattern – – – –