The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline down.
A bearish trend down to the next support level at will continue.
Caution: A possible change in the direction of the resistance level at 101.42800 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 101.42800 |
| Current Price | 100.66400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
101.42800 – 101.148 – 101.131 – 100.138 – 100.734 – 100.22 —
101.42800 – 101.08500 —
64.649656519599 – 47.816261440394 —
101.42800 – 1763496000 —
– 1763496000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Double top chart pattern – – – –