The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline down.
A descent down to the next support line at 0.93299 will persist.
Caution: A possible counter-trend in the direction of resistance at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair could go down.
And also a ‘StochOSC Bearish Divergence’ indicator layout is discovered. The indicator is ‘StochOSC Bearish Divergence’. this is usually a bearish chart signal. The currency pair could go down.
And also a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.94258 |
| Next Low | 0.93299 |
| 2nd Low | 0.93095 |
| 3rd Low | 0.92979 |
0.94109 – 0.93468 – 0.9324 – 0.93299 – 0.93095 – 0.92979 —
0.94274 – 0.94331 —
74.186219859194 – 72.825445905552 —
– —
0.94109 – 1769072400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –