The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline downwards
A bearish descent downwards to the next support level at 0.92637 is expected.
Caution: A possible change in the direction of the resistance level at 0.93211 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The pair is likely to go down.
There is also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
There is also a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93445 |
| 2nd High | 0.93236 |
| Next High | 0.93211 |
| Current Price | 0.92895 |
| Next Low | 0.92637 |
| 2nd Low | 0.92611 |
| 3rd Low | 0.92418 |
0.92855 – 0.93031 – 0.93211 – 0.92637 – 0.92611 – 0.92699 —
0.93034 – 0.93080 —
73.430187998676 – 66.455576465272 —
– —
0.92855 – 1768444200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –