AUD/CAD – 1H – SELL

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

A bearish movement downwards to the next support line at 0.92778 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.93196 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.

Moreover a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. 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 probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.93196 – 0.93203 – 0.93031 – 0.92778 – 0.92611 – 0.92699 —
0.93123 – 0.93330 —
58.852921508832 – 71.844572136197 —
– —
0.93196 – 1768564800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –