AUD/JPY – 1H – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline down.
A bearish trend down to the next support line at 91.33100 will continue.
Caution: A possible change in the direction of resistance at 92.21600 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two Crows’ candlestick pattern is detected. The chart shows ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.30700 |
| 2nd High | 93.13100 |
| Next High | 92.21600 |
| Current Price | 91.50100 |
| Next Low | 91.33100 |
| 2nd Low | 90.54800 |
| 3rd Low | 89.63300 |
92.21600 – 91.60000 – 91.02900 – 91.33100 – 90.54800 – 89.63300