AUD/JPY – 1H – BUY

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

A continuation of the upward movement up to the next resistance level at 111.107 is certain.

Caution: A possible trend reversal in the direction of the support zone at 110.12100 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

Besides a ‘Bullish Tri-Star’ candlestick chart pattern is existing. The chart shows ‘Bullish Tri-Star’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).

111.107 – 111.053 – 111.212 – 110.12100 – 110.063 – 109.92 —
110.49600 – 110.94000 —
38.933371536744 – 56.178203030718 —
110.12100 – 1772812800 —
111.107 – 1772784000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Tri-Star – – – – – – – – –