AUD/JPY – 1H – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
A bearish descent down to the next support at 104.558 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 105.089 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.
And also a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 105.273 |
| Next High | 105.089 |
| Current Price | 105.54800 |
| Next Low | 104.558 |
| 2nd Low | 104.458 |
| 3rd Low | 104.429 |
105.089 – 105.273 – 104.835 – 104.558 – 104.617 – 104.458 —
105.59000 – 105.92800 —
67.647986061456 – 71.281152367966 —
– —
105.08900 – 1767582000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – – – – – – – – –