AUD/JPY – 1H – BUY

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

The bullish trend up to the next resistance at 112.89 is considered certain.

Caution: A possible counter-trend in the direction of the support line at could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Next a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Next a ‘Three Outside Up’ candlestick pattern is detected. The chart shows ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

112.89 – 112.534 – 112.834 – 112.03 – 112.176 – 112.386 —
112.83800 – 112.79300 —
54.860083635583 – 56.110262091656 —
– —
112.89 – 1781229600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – – – – – – – – –