AUD/CAD – 30M – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline down.

A bearish trend downwards to the next support at 0.96089 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.97457 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bearish Separating Lines’ candlestick pattern is found. The chart forms ‘Bearish Separating Lines’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Separating Lines’ heading down is 63% (Bull Market) & 76% (Bear Market).

0.97457 – 0.96968 – 0.96767 – 0.96089 – 0.96388 – 0.96647 —
0.97457 – 0.97365 —
70.24648627864 – 64.243779703004 —
0.97457 – 1773957600 —
– 1773957600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Separating Lines – – – – – – – – –