AUD/JPY – 4H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline downwards

A descent down to the next support at 108.041 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 110.787 is within the realm of possibility.
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 chart scenario. The currency pair could go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Additionally a ‘Matching Low’ candlestick chart pattern is found. The chart forms ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

110.787 – 110.184 – 108.996 – 108.041 – 106.519 – 106.072 —
110.61600 – 109.32400 —
64.350756421738 – 44.753947360995 —
– —
110.787 – 1770595200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low – Rising Wedge Chart Pattern – – – – – – – –