AUD/CAD – 30M – SELL

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

A bearish descent down to the next support line at 0.9658 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.97267 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘Last Engulfing Bottom:’ candle pattern is found. The candles form ‘Last Engulfing Bottom:’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

0.97267 – 0.96164 – 0.96202 – 0.9658 – 0.96331 – 0.95905 —
0.97350 – 0.97262 —
71.508110081915 – 57.441700255198 —
– —
0.97267 – 1773172800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Last Engulfing Bottom: – Rising Wedge Chart Pattern – – – – – – – –