AUD/JPY – 30M – BUY

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

A bullish ascent up to the next resistance at 110.912 is certain.

Caution: A possible trend reversal in the direction of the support zone at 109.97800 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘RSI Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘RSI Hidden Bullish Divergence’. In der Regel bedeutet das ein positives chart signal. Die Paarung wird wahrscheinlich steigen.

In addition a ‘Bearish SBS White Lines’ candle chart pattern is detected. The chart shows ‘Bearish SBS White Lines’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

110.318 – 110.912 – 110.939 – 109.97800 – 109.62 – 110.565 —
110.24300 – 110.35500 —
45.627954233599 – 44.760294839082 —
109.97800 – 1774629000 —
110.318 – 1774596600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish SBS White Lines – – – – – – – – –