AUD/JPY – 1H – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 111.053 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

111.053 – 111.212 – 112.086 – 110.063 – 109.92 – 109.526 —
110.89600 – 110.73500 —
55.780191777621 – 43.16464701883 —
– —
111.053 – 1772722800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing – – – – – – – – –