The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline downwards
The bearish trend down to the next support level at 95.79700 will persist.
Caution: A possible change in the direction of the resistance zone at 98.72700 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 101.02600 |
2nd High | 98.74700 |
Next High | 98.72700 |
Current Price | 97.67900 |
Next Low | 95.79700 |
2nd Low | 95.61100 |
3rd Low | 95.51400 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows