AUD/JPY – 30M – SELLAnd also a ‘Double top chart pattern’ chart layout is detected. The formation shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline down.
A bearish movement downwards to the next support level at 106.072 is expected.
Caution: A possible trend reversal in the direction of resistance at 107.087 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘ ‘ indicator layout is detected. The indicator is ‘ ‘. which is often a bearish signal. The currency pair is likely to fall.
And also a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 108.996 |
| Next High | 107.087 |
| Current Price | 106.42800 |
| Next Low | 106.072 |
| 2nd Low | 105.973 |
| 3rd Low | 105.908 |
107.087 – 106.882 – 108.996 – 106.449 – 106.072 – 107.724 —
106.92900 – 106.58800 —
56.056119311234 – 42.077073440184 —
– —
107.08700 – 1769506200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Double top chart pattern – – – – – – – –