AUD/JPY – 30M – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at will continue.

Caution: A possible reversal of the trend in the direction of resistance at 111.212 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 110.07384 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 111.212 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

111.212 – 111.042 – 111.196 – 109.92 – 109.526 – 110.662 —
111.18300 – 110.97400 —
58.495133999195 – 50.89422526108 —
– —
111.212 – 1772663400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –