EUR/JPY – 4H – SELLThe pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline down.
The bearish trend downwards to the next support line at 181.565 is certain.
Caution: A possible trend reversal in the direction of resistance at 184.422 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.
In addition a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
In addition a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
In addition a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 184.918 |
| Next High | 184.422 |
| Current Price | 183.13900 |
| Next Low | 181.565 |
| 2nd Low | 180.091 |
| 3rd Low | 179.765 |
184.422 – 184.918 – 183.153 – 183.412 – 183.283 – 181.565 —
184.06100 – 183.55900 —
44.95629171588 – 44.493115639014 —
– —
184.42200 – 1767326400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Double bottom retreat down – – – – – – – –