And also a ‘Double top chart pattern’ chart pattern is detected. The chart picture shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline down.
A bearish movement down to the next support line at 100.734 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 101.131 could occur.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.
And also a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.
And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
And also a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.318 |
| 2nd High | 101.293 |
| Next High | 101.131 |
| Current Price | 100.66200 |
| Next Low | 100.734 |
| 2nd Low | 100.22 |
| 3rd Low | 99.026 |
101.131 – 101.293 – 101.23 – 100.734 – 100.22 – 100.395 —
101.10400 – 100.83100 —
53.503317942062 – 45.668891908007 —
– —
101.13100 – 1763370000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double top chart pattern – – – –