The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.94618 is likely expected.
Caution: A possible change in the direction of resistance at 0.97397 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.97497 |
| 2nd High | 0.97443 |
| Next High | 0.97397 |
| Current Price | 0.97050 |
| Next Low | 0.94618 |
| 2nd Low | 0.94416 |
| 3rd Low | 0.94255 |
0.97397 – 0.97267 – 0.96202 – 0.94618 – 0.95533 – 0.95641 —
0.97290 – 0.97544 —
61.869929569277 – 58.464632261164 —
– —
0.97397 – 1773212400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –