AUD/JPY – 1H – SELL

Furthermore a ‘Head and Shoulder chart pattern’ chart pattern is existing. The formation shows ‘Head and Shoulder chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support at 93.79900 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 94.48400 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a positive 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).

94.26100 – 94.48400 – 94.41000 – 93.79900 – 93.94000 – 93.93800

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