AUD/CAD – 1H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline downwards

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

Caution: A possible counter-trend in the direction of the resistance zone at 0.91751 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.91751 – 0.91721 – 0.91618 – 0.9084 – 0.90906 – 0.90554 —
0.91751 – 0.91631 —
57.678891346762 – 52.050313752977 —
0.91751 – 1764306000 —
– 1764306000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Head and Shoulder chart pattern – – – – – – – –