AUD/JPY – 1H – BUY

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

A continuation of the upward movement up to the next resistance at 111.469 is certain.

Caution: A possible reversal of the trend in the direction of the support level at should be noted.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

And also a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. this is usually a bullish 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 certain. Target of the current trend is 111.469 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 111.469 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

111.469 – 110.433 – 110.067 – 110.258 – 108.8 – 108.983 —
111.10400 – 110.88000 —
57.008541596947 – 46.755714822633 —
– —
111.469 – 1772053200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –