AUD/CAD – 30M – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.
A descending movement downwards to the next support line at 0.91032 is certain.
Caution: A possible change in the direction of the resistance line at 0.91305 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Line Strike – Bearish’ candlestick pattern is found. The chart shows ‘Three Line Strike – Bearish’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91641 |
| 2nd High | 0.91309 |
| Next High | 0.91305 |
| Current Price | 0.91265 |
| Next Low | 0.91032 |
| 2nd Low | 0.90939 |
| 3rd Low | 0.90858 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Line Strike – Bearish