EUR/JPY – 30M – SELLThe combination Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support at is certain.
Caution: A possible change in the direction of the resistance zone at 183.381 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
Additionally a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 183.643 |
| 2nd High | 183.607 |
| Next High | 183.381 |
| Current Price | 183.00800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
183.381 – 183.607 – 183.643 – 183.006 – 183.009 – 182.807 —
183.24200 – 183.19000 —
48.625751259161 – 47.878924021554 —
– —
183.38100 – 1767729600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –