AUD/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 109.492 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 110.401 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Additionally a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

110.401 – 110.318 – 110.912 – 109.492 – 109.978 – 109.62 —
109.66500 – 109.75100 —
27.798361596764 – 41.439644448244 —
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110.401 – 1774638000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing – – – – – – – – –