AUD/JPY – 1H – BUY

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline upwards

The bullish trend up to the next resistance at 94.55700 is considered certain.

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

Besides 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.

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

94.55700 – 94.88600 – 94.84800 – 93.96000 – 93.98900 – 94.05600

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