AUD/JPY – 1H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline down.
A descending movement downwards to the next support at is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 94.91200 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.74300 |
| 2nd High | 95.34800 |
| Next High | 94.91200 |
| Current Price | 94.41600 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
94.91200 – 94.20600 – 95.34800 – 93.14600 – 93.15800 – 94.36000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows