AUD/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support line at will continue.

Caution: A possible trend reversal in the direction of the resistance level at 114.251 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.

In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair could go up.

In addition a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

114.251 – 114.224 – 114.293 – 113.84 – 113.839 – 113.799 —
114.22700 – 114.04300 —
61.896060517879 – 44.542059041859 —
– —
114.251 – 1776888000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing – – – – – – – – –