AUD/JPY – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline down.

A descending movement downwards to the next support at 101.633 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 102.044 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Additionally a ‘Last Engulfing Top’ candle chart pattern is existing. The candles show ‘Last Engulfing Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

102.044 – 102.024 – 101.741 – 101.633 – 100.342 – 100.957 —
102.03100 – 102.05500 —
59.85848414561 – 59.26708374857 —
– —
102.04400 – 1764217800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Last Engulfing Top – Rising Wedge Chart Pattern – – – – – – – –