AUD/CAD – 1H – SELL

Next a ‘Double top chart pattern’ chart pattern is discovered. The chart shows ‘Double top chart pattern’. which is a negative chart scenario. The pair is likely to go down.

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support at 0.94649 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.95896 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ” indicator signal is discovered. The indicator is ”. this is usually a bearish signal. The currency pair could go down.

!

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Next a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish signal. The 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).

0.95896 – 0.95453 – 0.95092 – 0.94649 – 0.94759 – 0.94255 —
0.95857 – 0.95561 —
67.954275739239 – 56.568215117027 —
– —
0.95896 – 1769670000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Double top chart pattern – – – – – – – –