AUD/CAD – 1H – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 0.90906 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.91312 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Tweezers Top’ chart pattern is detected. The candles show ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

0.91312 – 0.91843 – 0.91665 – 0.90906 – 0.90554 – 0.90732 —
0.91197 – 0.91242 —
63.46828212594 – 57.852222240972 —
– —
0.91312 – 1763654400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Tweezers Top – Symmetrical Triangle Chart Pattern – – – – – – – –