AUD/JPY – 30M – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 113.536 will persist.

Caution: A possible change in the direction of the resistance line at 114.311 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

114.311 – 114.369 – 114.242 – 113.536 – 113.065 – 113.83 —
113.69700 – 113.73100 —
47.785921253373 – 54.22399120275 —
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114.311 – 1776439800

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