AUD/CAD – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.94644 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.96202 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Next a ‘Two Crows’ candlestick pattern is detected. The chart forms ‘Two Crows’. this 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’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.96202 – 0.96681 – 0.97299 – 0.95533 – 0.95641 – 0.95446 —
0.95690 – 0.95441 —
36.785316196895 – 38.844753079859 —
– —
0.96202 – 1772787600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – – – – – – – – –