AUD/CAD – 1H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline down.

A descent downwards to the next support line at 0.90554 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.91312 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.

There is also a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.

There is also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

There is also a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.91312 – 0.91843 – 0.91665 – 0.90554 – 0.90732 – 0.90661 —
0.90696 – 0.91025 —
38.77369583169 – 54.797271538565 —
0.90554 – 1763726400 —
0.91312 – 1763654400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom retreat down – – – – – – – –