AUD/JPY – 30M – BUYCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 91.10381 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 91.67700 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.
Additionally a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
Additionally a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92.09400 |
| 2nd High | 91.94900 |
| Next High | 91.67700 |
| Current Price | 91.26200 |
| Next Low | 91.19600 |
| 2nd Low | 90.80100 |
| 3rd Low | 90.54800 |
91.67700 – 91.94900 – 92.09400 – 91.19600 – 91.47300 – 91.33100
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down