AUD/JPY – 4H – BUY

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

A continuation of the uptrend up to the next resistance line at 102.357 is considered certain.

Caution: A possible counter-trend in the direction of the support line at 101.506 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. which could be a positive chart signal. The currency pair could go up.

In addition a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

102.357 – 102.483 – 101.819 – 101.506 – 100.342 – 100.353 —
102.58400 – 103.17100 —
58.875473791116 – 65.96725972234 —
– —
102.35700 – 1764345600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –