AUD/CAD – 1H – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.

A descending movement down to the next support level at 0.9722 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.98859 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles show ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.98859 – 0.98062 – 0.97992 – 0.9722 – 0.97389 – 0.97539 —
0.98908 – 0.98892 —
74.806935124608 – 63.159479768208 —
– —
0.98859 – 1778072400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Belt Hold – – – – – – – – –