AUD/JPY – 30M – SELL

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

A descending movement down to the next support at is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 91.16600 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 90.412244 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 91.16600 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black 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 chance of ‘Three Black Crows’ going down is 82%.

91.16600 – 90.81400 – 91.20200 – 90.59700 – 90.48000 – 90.30100

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows