AUD/CAD – 30M – SELL

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

A continuation of the downward movement downwards to the next support at is expected.

Caution: A possible change in the direction of the resistance zone at 0.9781 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.9781 – 0.97911 – 0.9793 – 0.97539 – 0.97582 – 0.97661 —
0.97879 – 0.97802 —
62.959131834184 – 49.850017860707 —
– —
0.9781 – 1776942000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Engulfing – Symmetrical Triangle Chart Pattern – – – – – – – –