AUD/CAD – 30M – SELLNext a ‘Head and Shoulder chart pattern’ chart layout is existing. The chart picture shows ‘Head and Shoulder chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline downwards
A descending movement downwards to the next support at 0.92979 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93142 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.
Next a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.
Next a ‘StochOSC Bearish Divergence’ indicator signal is found. The indicator is ‘StochOSC Bearish Divergence’. which is often a bearish chart signal. The currency pair could go down.
Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93211 |
| 2nd High | 0.93203 |
| Next High | 0.93142 |
| Current Price | 0.93093 |
| Next Low | 0.92979 |
| 2nd Low | 0.9285 |
| 3rd Low | 0.92637 |
0.93142 – 0.93203 – 0.93133 – 0.92979 – 0.9285 – 0.92637 —
0.93117 – 0.93196 —
54.853910381343 – 61.656383741724 —
– —
0.93142 – 1768532400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Head and Shoulder chart pattern – – – – – – – –