AUD/CAD – 30M – SELL

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

A descent downwards to the next support at 0.93299 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.93468 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘Three Inside Down’ candlestick chart pattern is found. The chart shows ‘Three Inside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.93468 – 0.9324 – 0.9326 – 0.93299 – 0.93095 – 0.92979 —
0.93410 – 0.93567 —
53.00188907289 – 65.721932712332 —
– —
0.93468 – 1768991400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Inside Down – Symmetrical Triangle Chart Pattern – – – – – – – –