AUD/CAD – 30M – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline downwards
A descent downwards to the next support line at 0.91688 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.9196 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Matching Low’ candle chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92184 |
| 2nd High | 0.91996 |
| Next High | 0.9196 |
| Current Price | 0.92006 |
| Next Low | 0.91688 |
| 2nd Low | 0.91682 |
| 3rd Low | 0.91437 |
0.9196 – 0.91996 – 0.91968 – 0.91688 – 0.91682 – 0.91437 —
0.91989 – 0.92049 —
62.074484543913 – 61.417430971051 —
– —
0.91960 – 1767394800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – – – – – – – – –