AUD/JPY – 30M – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline downwards
A descending movement downwards to the next support level at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 91.94900 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
Besides a ‘Shooting Star’ candlestick pattern is discovered. The candles form ‘Shooting Star’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92.21600 |
| 2nd High | 92.09400 |
| Next High | 91.94900 |
| Current Price | 91.66300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
91.94900 – 92.09400 – 92.21600 – 91.47300 – 91.33100 – 90.80100
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Shooting Star