AUD/CAD – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 0.95753 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.96267 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a bearish pattern signal. 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).

0.96267 – 0.96057 – 0.96103 – 0.95753 – 0.94644 – 0.94917 —
0.96189 – 0.96078 —
59.466791064028 – 45.486180242007 —
– —
0.96267 – 1770658200

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