AUD/JPY – 1H – SELL

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline downwards

The bearish trend downwards to the next support level at 104.558 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 105.089 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The 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).

105.089 – 105.273 – 104.835 – 104.558 – 104.617 – 104.458 —
105.09800 – 105.23700 —
60.747993171587 – 64.631985274106 —
– —
105.08900 – 1767582000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double top chart pattern – – – – – – – –