AUD/JPY – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline downwards

A bearish trend downwards to the next support level at 107.724 is certain.

Caution: A possible counter-trend in the direction of resistance at 108.996 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 107.4845 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 108.996 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

108.996 – 108.186 – 107.198 – 107.724 – 107.842 – 106.294 —
108.19800 – 108.48000 —
36.558108846941 – 46.749354783436 —
– —
108.99600 – 1769158800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –