AUD/JPY – 1H – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 105.209 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 106.325 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair could go up.
Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Moreover a ‘Bullish Tri-Star’ chart pattern is found. The candles show ‘Bullish Tri-Star’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 106.711 |
| Next High | 106.325 |
| Current Price | 105.93300 |
| Next Low | 105.209 |
| 2nd Low | 105.175 |
| 3rd Low | 104.718 |
106.325 – 106.711 – 106.693 – 105.209 – 105.867 – 105.582 —
105.79100 – 105.94500 —
50.829706359149 – 60.220171551751 —
– —
106.32500 – 1768500000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Tri-Star – – – – – – – – –