AUD/JPY – 30M – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the descending trendline downwards
A continuation of the downtrend down to the next support at 95.90400 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 96.91100 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.53600 |
| 2nd High | 97.14200 |
| Next High | 96.91100 |
| Current Price | 96.60700 |
| Next Low | 95.90400 |
| 2nd Low | 95.65700 |
| 3rd Low | 95.31700 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows