AUD/CAD – 30M – SELL

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

A descending movement downwards to the next support line at 0.96133 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.96542 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘Matching Low’ chart pattern is found. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.96542 – 0.96185 – 0.96256 – 0.96133 – 0.95894 – 0.96016 —
0.96325 – 0.96277 —
49.470372923106 – 46.967219095441 —
– —
0.96542 – 1775478600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – Rising Wedge Chart Pattern – – – – – – – –