AUD/JPY – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

A bearish trend downwards to the next support at is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 105.928 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Moreover a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

105.928 – 105.361 – 105.248 – 105.228 – 104.973 – 104.558 —
105.81500 – 105.51000 —
55.804603990931 – 43.077711056654 —
– —
105.92800 – 1767765600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –