AUD/CAD – 1H – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.

The bearish trend downwards to the next support at 0.9084 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.91721 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.91721 – 0.91618 – 0.91243 – 0.9084 – 0.90906 – 0.90554 —
0.91676 – 0.91627 —
55.284768696799 – 53.477195427058 —
– —
0.91721 – 1764226800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –