AUD/JPY – 30M – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the descending trendline downwards

A continuation of the downtrend down to the next support level at will persist.

Caution: A possible change in the direction of resistance at 97.822 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.

In addition a ‘Matching Low’ chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

97.822 – 98.125 – 98.382 – 97.697 – 97.802 – 97.424 — 53.042112295149 – 51.758946682527 — 84.244543989762 – 76.918107732061 – 84.089865276149 – 83.022789596129

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low – Symmetrical Triangle Chart Pattern – –