AUD/JPY – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

A bearish trend downwards to the next support line at will continue.

Caution: A possible change in the direction of resistance at 94.88600 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 94.077206 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 94.88600 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. which 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

94.88600 – 94.84800 – 94.74700 – 93.98900 – 94.05600 – 93.94200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Rising Wedge Chart Pattern