The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.97539 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.9781 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
There is also a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9793 |
| 2nd High | 0.97911 |
| Next High | 0.9781 |
| Current Price | 0.97620 |
| Next Low | 0.97539 |
| 2nd Low | 0.97471 |
| 3rd Low | 0.97411 |
0.9781 – 0.97911 – 0.9793 – 0.97539 – 0.97582 – 0.97661 —
0.97947 – 0.97689 —
64.772134353216 – 42.201188216424 —
– —
0.9781 – 1776942000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –