AUD/JPY – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline down.

A bearish movement downwards to the next support at 100.138 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 101.293 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

In addition a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

101.148 – 101.131 – 101.293 – 100.138 – 100.734 – 100.22 —
101.20500 – 101.27600 —
58.759979622646 – 59.275441668356 —
– —
101.14800 – 1763406000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Rising Wedge Chart Pattern – – – –