AUD/JPY – 30M – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline downwards
A descending movement downwards to the next support at 97.56300 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 98.72700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. which 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.21500 |
| 2nd High | 98.74700 |
| Next High | 98.72700 |
| Current Price | 97.73000 |
| Next Low | 97.56300 |
| 2nd Low | 95.79700 |
| 3rd Low | 95.61100 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows