AUD/JPY – 30M – SELL

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

A continuation of the downward movement down to the next support level at 113.799 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 114.293 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart forms ‘Bearish Engulfing’. this 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%.

114.293 – 114.149 – 114.311 – 113.799 – 113.687 – 113.633 —
114.07500 – 114.07900 —
50.796768686562 – 52.632328739544 —
– —
114.293 – 1776792600

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