AUD/JPY – 4H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance at 101.819 will continue.

Caution: A possible change in the direction of the support line at 100.22 could happen.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

Next a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

101.819 – 101.136 – 101.205 – 100.22 – 98.818 – 96.851 —
101.13100 – 101.09600 —
50.708658307629 – 52.3861841353 —
– —
101.81900 – 1763020800

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