AUD/JPY – 30M – BUY

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

A bullish ascent up to the next resistance line at 105.273 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 104.558 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

Furthermore a ‘Bullish Belt Hold’ chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

105.072 – 105.089 – 105.273 – 104.558 – 104.617 – 104.459 —
105.23900 – 105.14800 —
71.201540859265 – 57.902326041608 —
– —
105.07200 – 1767634200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – – – – – – – – –