AUD/JPY – 30M – SELL

Moreover a ‘Double bottom retreat down’ chart pattern is detected. The chart shows ‘Double bottom retreat down’. which is a bearish chart scenario. The pair is likely to go down.

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bearish trendline down.

A continuation of the downtrend down to the next support at 93.94000 is certain.

Caution: A possible trend reversal in the direction of resistance at 94.41000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

94.41000 – 94.83400 – 94.54700 – 93.94000 – 93.93800 – 94.16500

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji