AUD/JPY – 30M – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 105.523 is likely expected.
Caution: A possible change in the direction of the resistance level at 106.313 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ” indicator layout is found. The indicator is ”. this is usually a bearish chart signal. The pair is likely to go down.
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Besides a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.
Besides a ‘Tweezers Top’ candle pattern is discovered. The candles form ‘Tweezers Top’. 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 chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 106.711 |
| 2nd High | 106.325 |
| Next High | 106.313 |
| Current Price | 105.26500 |
| Next Low | 105.523 |
| 2nd Low | 105.463 |
| 3rd Low | 105.175 |
106.313 – 106.325 – 106.228 – 105.523 – 105.867 – 105.669 —
105.68000 – 105.45100 —
38.734900220743 – 29.877489702919 —
– —
106.31300 – 1768527000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – Double bottom retreat down – – – – – – – –