AUD/JPY – 1H – BUY

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

A continuation of the bullish trend up to the next resistance at 110.184 is certain.

Caution: A possible change in the direction of the support line at 108.041 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

Furthermore a ‘Bullish Belt Hold’ candlestick pattern is existing. The chart forms ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

110.184 – 109.547 – 108.579 – 108.041 – 109.076 – 106.853 —
110.30000 – 110.63600 —
71.911260229773 – 60.14376506191 —
– —
110.184 – 1770213600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – Double bottom retreat down – – – – – – – –