AUD/CAD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.953485 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.95925 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.96247 |
| Next High | 0.95925 |
| Current Price | 0.95669 |
| Next Low | 0.95468 |
| 2nd Low | 0.94939 |
| 3rd Low | 0.9445 |
0.95925 – 0.96247 – 0.95239 – 0.95726 – 0.95468 – 0.94939 —
0.95909 – 0.95972 —
55.396027639305 – 46.311323953757 —
– —
0.95925 – 1770174000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –