AUD/CAD – 30M – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.

A bearish descent downwards to the next support line at 0.94939 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.96247 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.96247 – 0.95239 – 0.9492 – 0.94939 – 0.9445 – 0.94416 —
0.95924 – 0.95786 —
61.570106516566 – 54.63345538447 —
– —
0.96247 – 1770111000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – – – – – – – – –