AUD/JPY – 1H – SELL

Besides a ‘Double bottom retreat down’ chart formation is discovered. The chart shows ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to go down.

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

A bearish descent downwards to the next support level at 104.558 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 105.089 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

Besides a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

105.089 – 105.273 – 104.835 – 104.558 – 104.617 – 104.458 —
105.07200 – 105.09800 —
58.93129806625 – 60.747992274299 —
– —
105.08900 – 1767582000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom retreat down – – – – – – – –