AUD/JPY – 30M – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline down.

The bearish trend downwards to the next support at 112.994 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 114.305 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

114.305 – 113.322 – 113.208 – 112.994 – 112.913 – 112.366 —
113.50500 – 113.54700 —
61.298059649304 – 62.483393071771 —
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114.305 – 1778047200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – – – – – – – – –