AUD/JPY – 30M – BUY

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

A descending movement down to the next support level at 92.46400 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 93.54400 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 92.879 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 93.54400 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

93.54400 – 92.80900 – 92.76300 – 92.46400 – 92.21400 – 92.60500

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down