AUD/JPY – 30M – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
A bearish trend downwards to the next support at 97.04900 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 97.92300 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Two Crows’ candle pattern is found. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.74700 |
| 2nd High | 98.73100 |
| Next High | 97.92300 |
| Current Price | 97.52400 |
| Next Low | 97.04900 |
| 2nd Low | 96.92900 |
| 3rd Low | 95.79700 |