AUD/JPY – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

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

A descent down to the next support at 94.58200 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 96.49300 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

96.49300 – 95.36500 – 94.67800 – 94.58200 – 94.56400 – 94.32900 — 53.223696623525 – 52.707703898571 — 27.463548433665 – 13.974303450267 – 40.729572328173 – 28.141588224131

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low – Rising Wedge Chart Pattern – –