AUD/JPY – 30M – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline down.
A descent down to the next support level at is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 96.162 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
Next a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96.493 |
| 2nd High | 96.195 |
| Next High | 96.162 |
| Current Price | 96.88400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
96.162 – 96.08 – 96.061 – 95.76 – 95.703 – 95.765 — 43.34038849199 – 42.754966658489 — 0.60711188204683 – 0 – 4.0481187640606 – 0.40474125469789
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Double top chart pattern – –