AUD/CAD – 30M – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.91061 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.91378 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91747 |
| 2nd High | 0.91641 |
| Next High | 0.91378 |
| Current Price | 0.90795 |
| Next Low | 0.91061 |
| 2nd Low | 0.91032 |
| 3rd Low | 0.90939 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows