AUD/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance level at 110.081 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 109.63 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair could go up.

In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 110.433 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 110.081 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Inverted Hammer’ chart pattern is detected. The candles form ‘Inverted Hammer’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).

110.081 – 110.433 – 109.726 – 109.63 – 108.8 – 108.983 —
110.01300 – 110.06800 —
56.676575939123 – 58.335628131043 —
– —
110.081 – 1771957800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Inverted Hammer – – – – – – – – –