AUD/JPY – 1H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline up.

A continuation of the uptrend up to the next resistance level at 112.89 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 112.03 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 113.175 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 112.89 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

112.89 – 112.534 – 112.834 – 112.03 – 112.176 – 112.386 —
112.90400 – 112.96200 —
59.047076386364 – 56.340045128949 —
– —
112.89 – 1781229600

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