AUD/CAD – 1H – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline down.

A bearish descent downwards to the next support level at 0.96418 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.97065 could occur.
In the case of a trade, always set appropriate stop-loss settings.

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

Then a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.96899 – 0.97065 – 0.96838 – 0.96418 – 0.96521 – 0.96605 —
0.97003 – 0.97233 —
63.715558128321 – 63.878393797312 —
– —
0.96899 – 1771923600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – Double top retreat up – – – – – – – –