AUD/CAD – 1H – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support at is likely expected.

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

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.91312 – 0.91843 – 0.91665 – 0.90554 – 0.90732 – 0.90661 —
0.91078 – 0.91133 —
53.828603839917 – 61.411459981157 —
– —
0.91312 – 1763654400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –