AUD/JPY – 1H – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support level at will continue.

Caution: A possible change in the direction of the resistance level at 109.48 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Bearish Belt Hold’ candle chart pattern is found. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

109.48 – 109.638 – 109.525 – 107.678 – 107.967 – 108.641 —
108.45500 – 108.80700 —
52.561260877732 – 61.845965904629 —
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109.48 – 1770908400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Belt Hold – – – – – – – – –