The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline downwards
A bearish trend downwards to the next support level at 104.558 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 105.248 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
There is also a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 105.273 |
| Next High | 105.248 |
| Current Price | 105.03200 |
| Next Low | 104.558 |
| 2nd Low | 104.459 |
| 3rd Low | 104.458 |
105.248 – 105.072 – 105.089 – 104.558 – 104.617 – 104.459 —
105.22300 – 105.15200 —
64.481967344775 – 49.220437943474 —
– —
105.24800 – 1767666600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – – – – – – – – –