Sell AUD/JPY – 1H – SELL

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bearish trendline downwards

A continuation of the bearish trend down to the next support at will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 90.36800 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Next a ‘Last Engulfing Top’ candle pattern is found. The candles form ‘Last Engulfing Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

Support & Resistance Price Range*
3rd High 91.31600
2nd High 91.10100
Next High 90.36800
Current Price 88.90100
Next Low
2nd Low
3rd Low

90.36800 – 91.10100 – 91.31600 – 86.04000 – 86.11200 – 92.27800

Download AUD/JPY Signal Image

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