AUD/JPY – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline downwards
A bearish trend down to the next support line at 94.58200 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 96.49300 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 96.49300 |
| Current Price | 95.89200 |
| Next Low | 94.58200 |
| 2nd Low | 94.56400 |
| 3rd Low | 94.45700 |
96.49300 – 95.36500 – 94.63700 – 94.58200 – 94.56400 – 94.45700 — 48.433550112272 – 47.812223775464 — 1.0736914385593 – 0 – 8.4517555635607 – 3.2002663420623
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – –