AUD/JPY – 30M – BUY

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

An ascent upwards to the next resistance level at 105.179 is likely expected.

Caution: A possible change in the direction of the support zone at 104.87 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The pair is likely to go up.

Then a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The pair is likely to go up.

Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 105.323 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 105.179 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

105.179 – 105.527 – 105.57 – 104.87 – 104.718 – 105.303 —
104.98900 – 105.06300 —
45.294601413364 – 44.068970800115 —
– —
105.17900 – 1767893400

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