AUD/JPY – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline down.

A descending movement down to the next support level at 109.076 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 110.184 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Besides a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

110.184 – 109.547 – 108.579 – 109.076 – 106.853 – 107.291 —
109.39100 – 109.78200 —
41.747791066943 – 54.583959135382 —
– —
110.184 – 1770213600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – Rising Wedge Chart Pattern – – – – – – – –