AUD/JPY – 30M – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline downwards
A bearish trend downwards to the next support level at 90.58300 is certain.
Caution: A possible change in the direction of the resistance line at 91.54000 could happen.
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 certain. Current target is 90.939596 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 91.54000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.
There is also a ‘Two Crows’ candlestick chart pattern is existing. The chart shows ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91.94900 |
| 2nd High | 91.67700 |
| Next High | 91.54000 |
| Current Price | 91.19200 |
| Next Low | 90.58300 |
| 2nd Low | 90.54800 |
| 3rd Low | 89.63300 |
91.54000 – 91.67700 – 91.94900 – 90.58300 – 91.19600 – 91.47300