AUD/JPY – 30M – SELLMoreover a ‘Double top chart pattern’ chart pattern is found. The chart picture forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at is considered certain.
Caution: A possible change in the direction of the resistance line at 105.57 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.
Moreover a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.
Moreover a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 105.928 |
| Next High | 105.57 |
| Current Price | 105.26300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
105.57 – 105.928 – 105.361 – 105.303 – 105.228 – 104.973 —
105.36200 – 105.52700 —
38.628549168301 – 61.177159905829 —
– —
105.57000 – 1767803400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Double top chart pattern – – – – – – – –