AUD/JPY – 1H – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline down.
A bearish movement down to the next support line at 104.558 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 105.928 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.
In addition a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.
In addition a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
In addition a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 105.928 |
| Current Price | 105.20100 |
| Next Low | 104.558 |
| 2nd Low | 104.458 |
| 3rd Low | 104.429 |
105.928 – 105.089 – 105.273 – 104.558 – 104.617 – 104.458 —
105.49200 – 105.52700 —
52.672474614931 – 56.297905275133 —
– —
105.92800 – 1767765600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – – – – – – – – –