AUD/JPY – 30M – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline down.

A bearish descent down to the next support level at 92.11000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 92.92000 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.

There is also a ‘Bearish Belt Hold’ candle pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

There is also a ‘Double top chart pattern’ chart layout is detected. The chart picture shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.

There is also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

92.92000 – 93.33600 – 92.79400 – 92.60500 – 92.40600 – 92.11000

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Belt Hold