AUD/JPY – 30M – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline downwards
A bearish movement downwards to the next support level at is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 96.162 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
Additionally a ‘Southern Doji’ candle pattern is detected. The chart forms ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96.493 |
| 2nd High | 96.195 |
| Next High | 96.162 |
| Current Price | 96.70800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
96.162 – 96.08 – 96.061 – 95.76 – 95.703 – 95.765 — 36.453523955865 – 36.162721963492 — 15.923485544999 – 4.2420063336398 – 32.847243504614 – 18.817039534171
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Southern Doji – Triple bottom chart pattern – –