AUD/JPY – 30M – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 90.58300 will persist.
Caution: A possible trend reversal in the direction of resistance at 91.67700 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.
Next a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92.09400 |
| 2nd High | 91.94900 |
| Next High | 91.67700 |
| Current Price | 90.94900 |
| Next Low | 90.58300 |
| 2nd Low | 90.54800 |
| 3rd Low | 89.63300 |
91.67700 – 91.94900 – 92.09400 – 90.58300 – 91.19600 – 91.47300
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows