The combination Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 184.677 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.
Then a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 185.568 |
| Next High | 184.677 |
| Current Price | 184.33600 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
184.677 – 185.568 – 185.567 – 184.284 – 185.064 – 184.257 —
184.38600 – 184.57900 —
41.992406853822 – 49.112385783613 —
– —
184.67700 – 1768431600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – – – – – – – – –