AUD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance at 94.55700 is likely expected.

Caution: A possible change in the direction of the support level at should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 94.687836 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 94.55700 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. this 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

94.55700 – 94.88600 – 94.54200 – 94.22500 – 93.96000 – 94.22600

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