AUD/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support level at is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 101.148 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘Three Outside Down’ candlestick pattern is discovered. The chart forms ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

101.148 – 101.131 – 101.293 – 100.138 – 100.6 – 100.769 —
101.02300 – 100.97800 —
65.09087349099 – 59.184358040763 —
– —
101.14800 – 1763406000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – – – – –