AUD/CAD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.96185 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.96699 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Furthermore a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ going down is 79%.

0.96699 – 0.96678 – 0.96571 – 0.96185 – 0.96151 – 0.96317 —
0.96699 – 0.96671 —
62.288919080362 – 55.847945374669 —
0.96699 – 1771412400 —
– 1771412400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Engulfing – Double top chart pattern – – – – – – – –