AUD/JPY – 1H – BUY

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

A bullish ascent up to the next resistance line at 108.72300 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Then a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. 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).

108.72300 – 108.731 – 108.886 – 107.842 – 107.849 – 107.678 —
108.72300 – 108.67500 —
57.278142980937 – 54.070377156965 —
108.72300 – 1771362000 —
– 1771362000

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