AUD/CAD – 4H – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.

A descending movement down to the next support line at 0.95446 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.97497 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.95446 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 0.97497 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.97497 – 0.97065 – 0.96979 – 0.95446 – 0.95986 – 0.96418 —
0.96287 – 0.96206 —
42.969086419766 – 38.080840786029 —
– —
0.97497 – 1772064000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –