AUD/JPY – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

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

A continuation of the downtrend downwards to the next support at 94.16500 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 94.83400 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Also there is a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

94.83400 – 94.54700 – 93.88200 – 94.16500 – 93.24000 – 92.31100

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows