AUD/JPY – 30M – SELL

Moreover a ‘Double bottom retreat down’ chart formation is detected. The chart picture shows ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to go down.

The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline down.

A descent downwards to the next support line at 94.09600 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 94.83400 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

94.43600 – 94.34000 – 94.26100 – 94.09600 – 93.84900 – 93.79900

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low