The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 111.212 will continue.
Caution: A possible change in the direction of the support line at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.
Then a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. this is usually a bullish signal. The pair is likely to go up.
Then a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 112.086 |
| Next High | 111.212 |
| Current Price | 111.00000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
111.212 – 112.086 – 111.291 – 109.92 – 109.526 – 109.677 —
111.03000 – 110.86300 —
44.916627029336 – 50.403792159059 —
– —
111.212 – 1772661600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –