AUD/JPY – 4H – SELL

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

A continuation of the downtrend downwards to the next support at is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 94.84800 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

94.84800 – 94.68000 – 94.83400 – 93.84100 – 93.79900 – 92.31100

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down –