AUD/JPY – 30M – SELL

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

A bearish descent downwards to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 106.882 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Additionally a ‘Bearish Belt Hold’ candlestick pattern is detected. The candles show ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

106.882 – 108.996 – 108.186 – 106.449 – 106.072 – 107.724 —
106.82400 – 106.99100 —
55.285260372447 – 63.96840513332 —
– —
106.88200 – 1769459400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Belt Hold – Double top chart pattern – – – – – – – –