AUD/JPY – 4H – BUY

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The pair is likely to go up.

Moreover a ‘StochRSI Bullish Divergence’ indicator layout is found. The indicator is ‘StochRSI Bullish Divergence’. which could be a positive chart scenario. The pair is likely to go up.

Moreover a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 112.850258 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 113.209 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Up’ candle chart pattern is found. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

113.209 – 113.953 – 112.086 – 111.48 – 109.526 – 109.677 —
113.05600 – 111.74500 —
49.352320629506 – 34.320145204737 —
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113.209 – 1773806400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – – – – – – – – –