AUD/CAD – 1H – SELL

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

A continuation of the downtrend downwards to the next support at is certain.

Caution: A possible trend reversal in the direction of resistance at 0.96681 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Furthermore a ‘StochRSI Hidden Bearish Divergence’ indicator layout is detected. The indicator shows ‘StochRSI Hidden Bearish Divergence’. which could be a negative signal. The currency pair could go down.

Furthermore a ‘Two Crows’ candle pattern is found. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.96681 – 0.97299 – 0.97443 – 0.95533 – 0.95641 – 0.95446 —
0.95942 – 0.96202 —
46.837939686757 – 56.26848368061 —
– —
0.96681 – 1772658000

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