AUD/CAD – 30M – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 0.90960 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.91388 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91747 |
| 2nd High | 0.91611 |
| Next High | 0.91388 |
| Current Price | 0.91119 |
| Next Low | 0.90960 |
| 2nd Low | 0.90865 |
| 3rd Low | 0.90704 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows