AUD/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance at 101.683 is expected.

Caution: A possible change in the direction of the support level at 100.586 could happen.
Consider stop-loss settings accordingly.

Besides a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair is likely to rise.

Besides a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 101.683 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 101.683 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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).

101.683 – 101.428 – 101.148 – 100.586 – 100.626 – 100.138 —
101.48800 – 101.40800 —
49.871122158465 – 54.82353842812 —
– —
101.68300 – 1763571600

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