AUD/CAD – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.97988 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.98414 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Matching Low’ candlestick chart pattern is detected. The chart shows ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.98414 – 0.98289 – 0.98581 – 0.97988 – 0.97835 – 0.9823 —
0.98298 – 0.98364 —
51.456659574319 – 55.494740322055 —
– —
0.98414 – 1783594800

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