EUR/JPY – 1H – BUY

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.

Next a ‘StochRSI %K crosses above 0.2’ indicator layout is detected. The indicator is ‘StochRSI %K crosses above 0.2’. which is often a bullish signal. The currency pair is likely to rise.

Next a ‘Bullish Belt Hold’ chart pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

184.768 – 184.181 – 182.806 – 183.196 – 181.988 – 182.169 —
184.35800 – 184.15600 —
50.892592823381 – 43.643014528021 —
– —
184.768 – 1772053200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Belt Hold – Double bottom retreat down – – – – – – – –