AUD/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 111.324 will persist.

Caution: A possible change in the direction of the resistance level at 112.157 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

111.735 – 112.157 – 112.263 – 111.324 – 111.148 – 111.867 —
111.82300 – 111.86800 —
63.459614732177 – 62.684302344847 —
– —
111.735 – 1783009800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low – – – – – – – – –