AUD/JPY – 30M – BUY

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

A bullish ascent upwards to the next resistance level at 95.59100 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 95.13700 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. 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).

95.59100 – 94.90300 – 95.41000 – 95.13700 – 95.23500 – 95.14300 — 48.192525391387 – 50.488181437889 — 74.900912176898 – 69.718002692913 – 82.392373918991 – 76.146686279821

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