The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline down.
A descending movement down to the next support line at will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 114.305 should be noted.
Consider stop-loss settings accordingly.
Additionally 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 pair is likely to go down.
Additionally a ‘Two Crows’ candlestick pattern is detected. The chart shows ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 114.542 |
| 2nd High | 114.438 |
| Next High | 114.305 |
| Current Price | 113.31700 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
114.305 – 113.322 – 113.237 – 112.366 – 112.189 – 112.288 —
113.35100 – 113.54700 —
54.041819488676 – 60.08237342879 —
– —
114.305 – 1778047200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – – – – – – – – –