AUD/JPY – 1H – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 100.734 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 101.148 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. this 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

101.148 – 101.131 – 101.293 – 100.734 – 100.22 – 100.395 —
100.69700 – 101.02300 —
37.409272619637 – 60.459383195184 —
– —
101.14800 – 1763406000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom retreat down – – – –