The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline downwards
A bearish trend downwards to the next support at 0.95664 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.95999 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.
There is also a ‘Tweezers Top’ candle pattern is detected. The candles show ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.96267 |
| Next High | 0.95999 |
| Current Price | 0.96267 |
| Next Low | 0.95664 |
| 2nd Low | 0.94644 |
| 3rd Low | 0.9445 |
0.95999 – 0.96267 – 0.96057 – 0.95664 – 0.95786 – 0.95753 —
0.95871 – 0.96299 —
51.32720635091 – 76.436142891699 —
– —
0.95999 – 1770737400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Tweezers Top – – – – – – – – –