AUD/JPY – 4H – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 101.819 is considered certain.

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

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair is likely to rise.

Additionally a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 101.819 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 101.819 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

101.819 – 101.136 – 101.205 – 100.22 – 98.818 – 96.851 —
101.02800 – 100.85700 —
48.246821152928 – 43.088123581136 —
– —
101.81900 – 1763020800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom chart pattern – – – –