And also a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline downwards
A bearish trend downwards to the next support level at will continue.
Caution: A possible counter-trend in the direction of resistance at 0.97443 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.97497 |
| Next High | 0.97443 |
| Current Price | 0.96976 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.97443 – 0.97497 – 0.96899 – 0.96884 – 0.96418 – 0.96521 —
0.97419 – 0.97228 —
49.708248717983 – 47.744509424371 —
– —
0.97443 – 1772175600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Symmetrical Triangle Chart Pattern – – – – – – – –