AUD/CAD – 30M – SELL

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

A bearish trend down to the next support level at 0.92965 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.93236 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.92790588 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.93236 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Matching Low’ chart pattern is detected. The candles show ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.93236 – 0.93121 – 0.92956 – 0.93054 – 0.92965 – 0.92752 —
0.93000 – 0.93111 —
41.212462740823 – 41.890012896061 —
– —
0.93236 – 1768240800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –