AUD/CAD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 0.97969 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.98261 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

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

Moreover a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.98261 – 0.9836 – 0.99316 – 0.97969 – 0.97978 – 0.98173 —
0.98133 – 0.98201 —
44.344284852103 – 46.520080097341 —
– —
0.98261 – 1782361800

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