The currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline downwards
A bearish movement downwards to the next support at 108.777 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 109.867 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Besides a ‘Two Crows’ candle pattern is existing. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 111.158 |
| 2nd High | 110.401 |
| Next High | 109.867 |
| Current Price | 109.66000 |
| Next Low | 108.777 |
| 2nd Low | 107.842 |
| 3rd Low | 107.678 |
109.867 – 109.797 – 110.401 – 108.777 – 109.044 – 109.62 —
109.55800 – 109.97800 —
49.006198641548 – 63.379501747654 —
– —
109.867 – 1774969200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Two Crows – – – – – – – – –