AUD/JPY – 1H – BUY

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 106.356528 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 106.325 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

106.325 – 106.711 – 106.693 – 105.209 – 105.867 – 105.582 —
106.16100 – 106.20700 —
67.724543525279 – 51.452462045656 —
– —
106.32500 – 1768500000

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