AUD/CAD – 30M – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline down.
A bearish trend downwards to the next support level at 0.90867 will continue.
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.
Besides a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91747 |
| 2nd High | 0.91641 |
| Next High | 0.91378 |
| Current Price | 0.91159 |
| Next Low | 0.90867 |
| 2nd Low | 0.90776 |
| 3rd Low | 0.90710 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Engulfing