AUD/JPY – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline down.
The bearish trend downwards to the next support at 99.915 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 100.54400 |
| Next Low | 99.915 |
| 2nd Low | 99.154 |
| 3rd Low | 98.886 |
100.607 – 100.201 – 99.673 – 99.915 – 99.154 – 98.886 —
61.610480124668 – 54.320026821865 —
64.827299924135 – 46.98275862069 – 56.167007820291 – 58.22788584952
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Rising Wedge Chart Pattern – –