AUD/JPY – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

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

A descent down to the next support line at 113.84 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 114.257 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K falls below 0.8’ indicator signal is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

114.257 – 114.251 – 114.293 – 113.84 – 113.839 – 113.799 —
114.10500 – 114.01900 —
49.092831252858 – 41.336025853763 —
– —
114.257 – 1776942000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –