AUD/JPY – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline downwards

A bearish movement down to the next support at 94.58200 will continue.

Caution: A possible change in the direction of resistance at 96.49300 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

96.49300 – 95.36500 – 94.63700 – 94.58200 – 94.56400 – 94.45700 — 59.633024141305 – 53.406933895483 — 100 – 91.463684065175 – 99.224980512082 – 97.154561355058

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – –