AUD/JPY – 30M – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 108.052 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Additionally a ‘Shooting Star’ candle pattern is discovered. The candles form ‘Shooting Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

108.052 – 108.481 – 108.566 – 106.519 – 107.538 – 106.396 —
107.99000 – 107.80400 —
51.739498883179 – 51.116223137016 —
– —
108.05200 – 1769738400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Shooting Star – – – – – – – – –