AUD/JPY – 1H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline downwards
The bearish trend downwards to the next support level at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 91.16600 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
Besides a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91.40300 |
| 2nd High | 91.20200 |
| Next High | 91.16600 |
| Current Price | 90.69000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
91.16600 – 91.20200 – 91.40300 – 90.59700 – 90.13400 – 90.12900
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows