AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline down.

A continuation of the downtrend down to the next support level at 0.89029 will persist.

Caution: A possible trend reversal in the direction of resistance at 0.89289 could occur.
Consider stop-loss settings accordingly.

And also 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 could go down.

And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

And also a ‘Tweezers Top’ candlestick chart pattern is found. The chart shows ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.89289 – 0.89508 – 0.89741 – 0.89029 – 0.89078 – 0.89466 — 60.028419677898 – 57.156239517647 — 86.747712491624 – 90.262510462724 – 84.144318465993 – 87.919311815324

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Tweezers Top – – –