AUD/JPY – 1H – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
A bearish movement downwards to the next support at 95.76 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 96.985 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.334 |
| 2nd High | 97.326 |
| Next High | 96.985 |
| Current Price | 96.77100 |
| Next Low | 95.76 |
| 2nd Low | 95.703 |
| 3rd Low | 95.62 |
96.08 – 96.061 – 95.999 – 95.76 – 95.703 – 95.62 — 57.9825693636 – 50.972844191474 — 61.656259292299 – 35.717568188576 – 79.839879616864 – 60.877283089594
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Triple bottom chart pattern – –