AUD/JPY – 1H – BUY

And also a ‘Double bottom chart pattern’ chart pattern is detected. The chart picture shows ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to go up.

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

A bullish trend upwards to the next resistance line at 101.148 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 100.138 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.

And also a ‘%K crosses above %D’ indicator layout is found. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair could go up.

And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish 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 will persist. Target of the current trend is 101.02042 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 101.148 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Up’ candlestick pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

101.148 – 101.131 – 101.293 – 100.138 – 100.734 – 100.22 —
100.85200 – 100.90300 —
48.498464611796 – 46.683224277641 —
– —
101.14800 – 1763406000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – Double bottom chart pattern – – – –