AUD/JPY – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

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

A descending movement downwards to the next support line at 107.842 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘Southern Doji’ candle pattern is discovered. The chart shows ‘Southern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

108.186 – 107.198 – 106.782 – 107.842 – 106.294 – 105.973 —
108.31600 – 108.63200 —
61.248167475602 – 75.059060379946 —
– —
108.18600 – 1769072400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –