AUD/CAD – 30M – SELL

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

A continuation of the downtrend down to the next support line at 0.97789 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.97976 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘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 probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.97976 – 0.98111 – 0.98078 – 0.97789 – 0.97819 – 0.97411 —
0.97942 – 0.97946 —
45.679019417993 – 52.949212760548 —
– —
0.97976 – 1776726000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – – – – – – – – –